| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $51M | $18M | 29.2% | 269.4% |
| Op. Income | -$83M | $9M | -$19M | -1019.8% | -338.4% |
| Gross Margin | 77.4% | 77.3% | 24.1% | 0.2pp | 53.3pp |
| Net Margin | -142.5% | 28.4% | -98.8% | -170.9pp | -43.7pp |
| EPS (Diluted) | $-0.60 | $0.09 | $-0.13 | -739.0% | -361.5% |
| Free Cash Flow | $228.0K | $13M | -$4M | -98.3% | 105.4% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $51M |
| R&D Expenses | $54M |
| Selling & Marketing | $56M |
| General & Administrative | $24M |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $133M |
| Cost & Expenses | $148M |
| OPERATING INCOME | -$83M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $614.0K |
| EBIT | -$83M |
| EBITDA | -$82M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $614.0K |
| Stock-Based Compensation | $98M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $494.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $652M |
| FREE CASH FLOW | $228.0K |
| Net Change in Cash | $651M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $696M |
| Short-Term Investments | $105M |
| Net Receivables | $17M |
| Inventory | $30M |
| Other Current Assets | $835.0K |
| TOTAL CURRENT ASSETS | $854M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $865M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$218M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$59.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $809M |
| Minority Interest | $0 |
| TOTAL EQUITY | $809M |
| TOTAL LIABILITIES & EQUITY | $865M |
| Total Debt | $2M |
| Net Debt | -$694M |
