| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $71M | $66M | 1.7% | 9.2% |
| Op. Income | -$25M | -$22M | -$29M | -14.4% | 15.3% |
| Gross Margin | 74.0% | 74.4% | 71.1% | -0.4pp | 2.9pp |
| Net Margin | -29.5% | -26.0% | -39.6% | -3.6pp | 10.0pp |
| EPS (Diluted) | $-0.18 | $-0.16 | $-0.23 | -12.5% | 21.7% |
| Free Cash Flow | -$1M | $1M | -$6M | -176.8% | 80.5% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $54M |
| R&D Expenses | $23M |
| Selling & Marketing | $41M |
| General & Administrative | $15M |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $97M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $426.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $1M |
| EBIT | -$25M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $746.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$48.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$733.0K |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $50M |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $384M |
| PP&E (Net) | $17M |
| Goodwill | $4M |
| Intangible Assets | $295.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $438M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $103M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $144M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $149M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $674M |
| Retained Earnings | -$385M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$114.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $438M |
| Total Debt | $7M |
| Net Debt | -$259M |
