| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $3M | 44.6% | 67.5% |
| Op. Income | -$11M | -$12M | -$10M | 8.5% | -4.2% |
| Gross Margin | 20.9% | -0.1% | 27.9% | 21.0pp | -7.0pp |
| Net Margin | -244.3% | -371.2% | -419.7% | 126.9pp | 175.4pp |
| EPS (Diluted) | $-0.16 | $-0.14 | $-0.17 | -14.3% | 5.9% |
| Free Cash Flow | -$9M | -$14M | -$7M | 36.4% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $876.0K |
| R&D Expenses | $3M |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | $981.9K |
| Operating Expenses | $12M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $606.6K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17.7K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$470.8K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$470.8K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $11M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $80M |
| PP&E (Net) | $7M |
| Goodwill | $2M |
| Intangible Assets | $33M |
| Long-Term Investments | $550.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $596.6K |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $122M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $41.5K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $229.2K |
| TOTAL LIABILITIES | $13M |
| Common Stock | $63.8K |
| Additional Paid-In Capital | $366M |
| Retained Earnings | -$254M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $122M |
| Total Debt | $791.6K |
| Net Debt | -$62M |
