| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $4M | $3M | 151.4% | 259.9% |
| Op. Income | -$1M | -$624.5K | -$2M | -124.7% | 17.6% |
| Gross Margin | 24.9% | 40.1% | 27.4% | -15.2pp | -2.5pp |
| Net Margin | -302.3% | 543.3% | -58.3% | -845.5pp | -244.0pp |
| EPS (Diluted) | $-1.40 | $1.06 | $0.03 | -232.1% | -4488.7% |
| Free Cash Flow | -$2M | -$767.3K | -$990.1K | -120.9% | -71.2% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $3M |
| R&D Expenses | $695.4K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $31.8K |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $82.2K |
| EBIT | -$32M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $82.2K |
| Stock-Based Compensation | $269.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$611.9K |
| OPERATING CASH FLOW | -$2M |
| 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 | $293.2K |
| NET CASH FROM FINANCING | $293.2K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $16.4K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $180.4K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $5M |
| Account Payables | $3M |
| Short-Term Debt | $4M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $2.3K |
| Additional Paid-In Capital | $1M |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$48M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$48M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $5M |
| Net Debt | $4M |
