Executive readout · one minute
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Substantial doubt about the company's ability to continue as a going concern.
“Due to these uncertainties and given the debt matures on November 17, 2026, management concluded that substantial doubt exists with respect to the Company's ability to continue as a going concern within one year after the date that these consolidated financial statements are issued.”View the 10-Q filed May 20, 2026
Earnings call · FY2023 Q1
Executive readout · one minute
Read the call alongside every captured source. 8-K earnings release, 10-Q stay in one workspace.
Forward guidance
19 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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From the 8-K filed May 8, 2023.
| Metric | Period | Guided | Basis | Actual |
|---|---|---|---|---|
|
Revenues
Initiated
second quarter ending June 30, 2023
|
$72M – $80M | — | $53.72M below | |
|
GAAP operating expenses
Initiated
second quarter ending June 30, 2023
|
$33.5M – $34.5M | GAAP | — | |
|
Non-GAAP operating expenses
Initiated
second quarter ending June 30, 2023
|
$30.3M – $31.3M | Non-GAAP | — | |
|
GAAP operating income
Initiated
second quarter ending June 30, 2023
|
$2.1M – $6.2M | GAAP | — | |
|
Non-GAAP operating income
Initiated
second quarter ending June 30, 2023
|
$5.9M – $10.1M | Non-GAAP | — | |
|
Interest expense, net
Initiated
second quarter ending June 30, 2023
|
$600,000 | — | — | |
|
GAAP net income
Initiated
second quarter ending June 30, 2023
|
$1.2M – $4.8M | GAAP | — | |
|
GAAP net income per diluted share
Initiated
second quarter ending June 30, 2023
|
$0.04 – $0.17 | GAAP | $-0.49 below | |
|
Non-GAAP net income
Initiated
second quarter ending June 30, 2023
|
$4.2M – $7.6M | Non-GAAP | — | |
|
Non-GAAP net income per diluted share
Initiated
second quarter ending June 30, 2023
|
$0.15 – $0.27 | Non-GAAP | — | |
|
Adjusted EBITDA
Initiated
second quarter ending June 30, 2023
|
$6.9M – $11.1M | Non-GAAP | — | |
|
Capital expenditures
Initiated
second quarter ending June 30, 2023
|
$1.5M – $2.5M | — | — | |
|
Revenues
Lowered
Full Year 2023
|
$327M – $337M | — | $226.77M below | |
|
Non-GAAP gross margin
Raised
Full Year 2023
|
50.9% | Non-GAAP | — | |
|
GAAP gross margin
Raised
Full Year 2023
|
50.1% | GAAP | — | |
|
GAAP net income
Lowered
Full Year 2023
|
$22.8M – $26M | GAAP | — | |
|
GAAP net income per diluted share
Raised
Full Year 2023
|
$0.80 – $0.91 | GAAP | $-2.69 below | |
|
Non-GAAP net income per diluted share
Raised
Full Year 2023
|
$1.18 – $1.26 | Non-GAAP | — | |
|
Non-GAAP net income
Lowered
Full Year 2023
|
$33.7M – $36M | Non-GAAP | — |
How the reported period landed and where the business moved.
SEC filing · Item 2.02
Filed May 8, 2023 · complete as-filed document
SEC periodic report
Filed May 9, 2023 · complete as-filed document