| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $52M | — | -0.3% | — |
| Op. Income | -$8M | -$13M | — | 35.8% | — |
| Gross Margin | 16.2% | 11.6% | — | 4.5pp | — |
| Net Margin | -63.9% | -44.2% | — | -19.7pp | — |
| EPS (Diluted) | $-2.67 | $-1.85 | — | -44.3% | — |
| Free Cash Flow | -$3M | -$27M | — | 89.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $8M |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $8M |
| Operating Expenses | $17M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$8M |
| Interest Income | $1.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $251.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $251.0K |
| Stock-Based Compensation | $83.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5.0K |
| NET CASH FROM FINANCING | $5.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $1M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $31.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $538.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $47M |
| Account Payables | $8M |
| Short-Term Debt | $840.0K |
| Deferred Revenue | $349.0K |
| Other Current Liabilities | $214.0K |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $98M |
| TOTAL NON-CURRENT LIABILITIES | $200M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$46M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$181M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$181M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $103M |
| Net Debt | $97M |
