| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $10M | $16M | -73.0% | -83.5% |
| Op. Income | -$45M | -$22M | -$2M | -104.7% | -2287.3% |
| Gross Margin | 19.5% | 73.6% | 78.7% | -54.1pp | -59.1pp |
| Net Margin | -1584.7% | -231.2% | -27.4% | -1353.6pp | -1557.3pp |
| EPS (Diluted) | $-5.11 | $-2.77 | $-0.54 | -84.3% | -850.0% |
| Free Cash Flow | -$21M | -$14M | -$1M | -48.9% | -1944.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $505.4K |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $812.3K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | $11.6K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $245.8K |
| EBIT | -$40M |
| EBITDA | -$40M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $62.4K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $57.2K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$148.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$148.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $667.4K |
| NET CASH FROM FINANCING | $667.4K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $9M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $6M |
| Goodwill | $7M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $135M |
| Account Payables | $22M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $81.1K |
| Other Non-Current Liabilities | $18.6K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $826.9K |
| Additional Paid-In Capital | $254M |
| Retained Earnings | -$164M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$581.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $135M |
| Total Debt | $16M |
| Net Debt | -$64M |
