| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $95M | $151M | $111M | -37.2% | -14.4% |
| Op. Income | -$22M | -$10M | -$23M | -121.9% | 2.5% |
| Gross Margin | 15.9% | 20.7% | 20.1% | -4.8pp | -4.2pp |
| Net Margin | -21.2% | -7.0% | -11.7% | -14.1pp | -9.5pp |
| EPS (Diluted) | $-1.31 | $-0.72 | $-0.84 | -80.6% | -55.6% |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $95M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $15M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$22M |
| Interest Income | $641.1K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $0 |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| 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 | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $6M |
| Net Receivables | $92M |
| Inventory | $117M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $379M |
| PP&E (Net) | $21M |
| Goodwill | $10M |
| Intangible Assets | $17M |
| Long-Term Investments | $247M |
| Tax Assets | $35M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $337M |
| TOTAL ASSETS | $716M |
| Account Payables | $49M |
| Short-Term Debt | $98M |
| Deferred Revenue | $291.9K |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $135M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $166M |
| TOTAL LIABILITIES | $342M |
| Common Stock | $23.8K |
| Additional Paid-In Capital | $251M |
| Retained Earnings | $118M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $372M |
| Minority Interest | $2M |
| TOTAL EQUITY | $374M |
| TOTAL LIABILITIES & EQUITY | $716M |
| Total Debt | $235M |
| Net Debt | $89M |
