| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $57M | $42M | -5.3% | 29.1% |
| Op. Income | -$45M | -$57M | -$56M | 21.5% | 20.2% |
| Gross Margin | 45.7% | 44.9% | 35.6% | 0.8pp | 10.1pp |
| Net Margin | -77.1% | -89.2% | -108.4% | 12.1pp | 31.3pp |
| EPS (Diluted) | $-0.74 | $-0.91 | $-0.91 | 18.7% | 18.7% |
| Free Cash Flow | -$66M | -$18M | -$59M | -271.7% | -10.9% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $25M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | -$4M |
| Operating Expenses | $69M |
| Cost & Expenses | $99M |
| OPERATING INCOME | -$45M |
| Interest Income | $3M |
| Interest Expense | $1.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $76.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $5M |
| EBIT | -$42M |
| EBITDA | -$36M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $219M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | -$219M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$999.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $604.0K |
| NET CASH FROM FINANCING | -$395.0K |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $317M |
| Short-Term Investments | $122M |
| Net Receivables | $44M |
| Inventory | $45M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $542M |
| PP&E (Net) | $219M |
| Goodwill | $86M |
| Intangible Assets | $58M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $368M |
| TOTAL ASSETS | $910M |
| Account Payables | $20M |
| Short-Term Debt | $14M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$870M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$609.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $746M |
| Minority Interest | $0 |
| TOTAL EQUITY | $746M |
| TOTAL LIABILITIES & EQUITY | $910M |
| Total Debt | $94M |
| Net Debt | -$223M |
