| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $10M | $9M | -14.7% | -6.8% |
| Op. Income | -$2M | -$325.0K | $733.0K | -503.1% | -367.4% |
| Gross Margin | 9.8% | 53.2% | 41.5% | -43.4pp | -31.7pp |
| Net Margin | -15.1% | -18.7% | -38.1% | 3.6pp | 23.1pp |
| EPS (Diluted) | $-0.05 | $-0.07 | $-0.14 | 31.6% | 64.6% |
| Free Cash Flow | -$1M | -$11M | -$527.0K | 89.8% | -114.6% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $812.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $268.0K |
| Other Income/Expenses | $651.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$62.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | -$1M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $727.0K |
| Deferred Income Tax | -$62.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$272.0K |
| OPERATING CASH FLOW | $236.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$112.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$596.0K |
| Other Financing Activities | -$151.0K |
| NET CASH FROM FINANCING | -$859.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $107.0K |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $109M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $343.0K |
| TOTAL NON-CURRENT ASSETS | $109M |
| TOTAL ASSETS | $115M |
| Account Payables | $2M |
| Short-Term Debt | $174.0K |
| Deferred Revenue | $4M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $836.0K |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $252.0K |
| Additional Paid-In Capital | $217M |
| Retained Earnings | -$140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $77M |
| Minority Interest | $0 |
| TOTAL EQUITY | $77M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $13M |
| Net Debt | $11M |
