| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $156M | $114M | -14.0% | 17.3% |
| Op. Income | -$52M | -$23M | -$42M | -125.1% | -24.6% |
| Gross Margin | 73.3% | 76.4% | 77.7% | -3.2pp | -4.5pp |
| Net Margin | -37.8% | -11.0% | -37.0% | -26.8pp | -0.7pp |
| EPS (Diluted) | $-0.44 | $-0.15 | $-0.38 | -193.3% | -15.8% |
| Free Cash Flow | -$9M | -$26M | -$49M | 66.6% | 82.3% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $98M |
| R&D Expenses | $67M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $150M |
| Cost & Expenses | $186M |
| OPERATING INCOME | -$52M |
| Interest Income | $4M |
| Interest Expense | $19.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $9M |
| EBIT | -$50M |
| EBITDA | -$41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $120M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $332M |
| Short-Term Investments | $86M |
| Net Receivables | $78M |
| Inventory | $82M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $602M |
| PP&E (Net) | $367M |
| Goodwill | $5M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $412M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $212M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $802M |
| Minority Interest | $0 |
| TOTAL EQUITY | $802M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $102M |
| Net Debt | -$230M |
