| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $99M | $95M | -10.8% | -6.6% |
| Op. Income | $2M | $11M | $17M | -85.8% | -91.1% |
| Gross Margin | 59.1% | 59.0% | 76.1% | 0.1pp | -17.0pp |
| Net Margin | 8.2% | 18.6% | 16.2% | -10.4pp | -8.0pp |
| EPS (Diluted) | $0.01 | $0.04 | $0.04 | -66.7% | -61.5% |
| Free Cash Flow | $0 | $202M | $0 | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $52M |
| R&D Expenses | $11M |
| Selling & Marketing | $25M |
| General & Administrative | $14M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $2M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$383.7K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $839.3K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $52M |
| R&D Expenses | $11M |
| Selling & Marketing | $25M |
| General & Administrative | $14M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $87M |
| OPERATING INCOME | $2M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | -$383.7K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $839.3K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $420M |
| Net Receivables | $168M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $808M |
| PP&E (Net) | $15M |
| Goodwill | $499.7K |
| Intangible Assets | $8M |
| Long-Term Investments | $1M |
| Tax Assets | $1M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $41M |
| TOTAL ASSETS | $849M |
| Account Payables | $76M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $161M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $170M |
| Common Stock | $19.9K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$392M |
| Treasury Stock | -$1.0K |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $679M |
| Minority Interest | $0 |
| TOTAL EQUITY | $679M |
| TOTAL LIABILITIES & EQUITY | $849M |
| Total Debt | $10M |
| Net Debt | -$95M |
