| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $143M | $96M | -24.7% | 11.5% |
| Op. Income | -$46M | -$8M | -$49M | -505.3% | 5.7% |
| Gross Margin | 83.6% | 88.1% | 81.5% | -4.5pp | 2.1pp |
| Net Margin | -35.7% | -7.5% | -50.7% | -28.2pp | 15.0pp |
| EPS (Diluted) | $-0.35 | $-0.10 | $-0.45 | -255.7% | 22.2% |
| Free Cash Flow | $36M | -$328.0K | $21M | 10990.2% | 69.7% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $90M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $153M |
| OPERATING INCOME | -$46M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $5M |
| EBIT | -$35M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $38M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$162M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$143M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$119M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $508M |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $876M |
| PP&E (Net) | $93M |
| Goodwill | $23M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $135M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $708.0K |
| Short-Term Debt | $10M |
| Deferred Revenue | $109M |
| Other Current Liabilities | $97M |
| TOTAL CURRENT LIABILITIES | $217M |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $313M |
| TOTAL LIABILITIES | $530M |
| Common Stock | $110.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$582M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $481M |
| Minority Interest | $0 |
| TOTAL EQUITY | $481M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $315M |
| Net Debt | $67M |
