| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $17M | $19M | 7.5% | -4.9% |
| Op. Income | -$34M | -$40M | -$50M | 15.9% | 33.1% |
| Gross Margin | 86.1% | -645.4% | 100.1% | 731.5pp | -14.0pp |
| Net Margin | -258.2% | -506.4% | -312.6% | 248.3pp | 54.5pp |
| EPS (Diluted) | $-0.56 | $-1.03 | $-0.73 | 45.6% | 23.3% |
| Free Cash Flow | -$45M | -$32M | -$16M | -39.6% | -172.0% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $16M |
| R&D Expenses | $26M |
| Selling & Marketing | $6M |
| General & Administrative | $18M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$34M |
| Interest Income | $3M |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $163.0K |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$47M |
| D&A | $843.0K |
| EBIT | -$33M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $843.0K |
| Stock-Based Compensation | $158.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$531.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$531.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $356.0K |
| NET CASH FROM FINANCING | $356.0K |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $234M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $16M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $290M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $930.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $986.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $308M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $113M |
| Deferred Revenue NC | $310M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $439M |
| TOTAL LIABILITIES | $502M |
| Common Stock | $7M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$502.0K |
| Accum. Other Comp. Income | -$201.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$194M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$194M |
| TOTAL LIABILITIES & EQUITY | $308M |
| Total Debt | $124M |
| Net Debt | -$110M |
