| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $898.0K | $338.0K | $1M | 165.7% | -29.2% |
| Op. Income | -$23M | -$25M | -$24M | 5.0% | 4.0% |
| Gross Margin | -1262.6% | -3382.0% | -176.1% | 2119.4pp | -1086.5pp |
| Net Margin | -2447.1% | -6966.0% | -1840.4% | 4518.9pp | -606.7pp |
| EPS (Diluted) | $-0.22 | $-0.25 | $-0.26 | 12.0% | 15.4% |
| Free Cash Flow | -$18M | -$15M | -$20M | -19.6% | 12.4% |
| Item | Amount |
|---|---|
| REVENUE | $898.0K |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$76.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $176.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $3M |
| EBIT | -$23M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$11.0K |
| Other Non-Cash Items | -$676.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $149.0K |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $81M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $103M |
| Net Receivables | $42.0K |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $182M |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $275M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $180.0K |
| Deferred Tax Liabilities | $175.0K |
| Other Non-Current Liabilities | $78.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $669M |
| Retained Earnings | -$428M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$132.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $275M |
| Total Debt | $14M |
| Net Debt | -$45M |
