| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $44M | $52M | -1.9% | -17.7% |
| Op. Income | -$1M | -$2M | $3M | 50.9% | -131.5% |
| Gross Margin | 22.1% | 23.9% | 28.8% | -1.8pp | -6.7pp |
| Net Margin | -5.9% | -2.6% | 2.2% | -3.3pp | -8.0pp |
| EPS (Diluted) | $-0.08 | $-0.04 | $0.11 | -113.6% | -175.5% |
| Free Cash Flow | -$5M | $9M | -$3M | -161.9% | -85.0% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $10M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $92.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $944.0K |
| EBIT | -$1M |
| EBITDA | -$172.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $944.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $45.0K |
| Other Non-Cash Items | $621.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$622.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$622.0K |
| Net Debt Issuance | $334.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $334.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $4M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $20M |
| Goodwill | $22M |
| Intangible Assets | $1M |
| Long-Term Investments | $15M |
| Tax Assets | $7M |
| Other Non-Current Assets | -$14M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $118M |
| Account Payables | $15M |
| Short-Term Debt | $6M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $147M |
| Common Stock | $15M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | -$30M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$30M |
| TOTAL LIABILITIES & EQUITY | $118M |
| Total Debt | $38M |
| Net Debt | $36M |
