| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $13M | $10M | -12.5% | 8.0% |
| Op. Income | -$8M | -$14M | -$10M | 46.8% | 20.4% |
| Gross Margin | 47.2% | 50.9% | 44.0% | -3.6pp | 3.2pp |
| Net Margin | -68.5% | -111.8% | -98.8% | 43.4pp | 30.4pp |
| EPS (Diluted) | $-0.44 | $-0.83 | $-0.60 | 47.0% | 26.7% |
| Free Cash Flow | -$10M | -$6M | -$10M | -65.2% | -5.0% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $1M |
| Selling & Marketing | $300.0K |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$8M |
| Interest Income | $656.0K |
| Interest Expense | $638.0K |
| Other Income/Expenses | $18.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $553.0K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $553.0K |
| Stock-Based Compensation | $986.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $468.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$396.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$396.0K |
| Net Debt Issuance | -$241.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $179.0K |
| NET CASH FROM FINANCING | -$62.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $244.0K |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $603.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $79M |
| Account Payables | $2M |
| Short-Term Debt | $254.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $445.0K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $726.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $299M |
| Retained Earnings | -$263M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $79M |
| Total Debt | $35M |
| Net Debt | -$17M |
