| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $745.0K | $3M | $0 | -70.2% | — |
| Op. Income | -$15M | -$18M | -$15M | 17.5% | 4.2% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1853.2% | -529.1% | — | -1324.1pp | — |
| EPS (Diluted) | $-1.59 | $-1.95 | $-1.77 | 18.5% | 10.2% |
| Free Cash Flow | -$14M | -$19M | -$10M | 25.9% | -42.1% |
| Item | Amount |
|---|---|
| REVENUE | $745.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $745.0K |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$1M |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$15M |
| Interest Income | $472.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $815.5K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $266.0K |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $502.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$370.5K |
| Change in Working Capital | -$511.5K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$61.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $14M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $7.0K |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $51.0K |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $273.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $108M |
| Account Payables | $0 |
| Short-Term Debt | $39M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $54M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$401M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $439M |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $108M |
| Total Debt | $39M |
| Net Debt | -$59M |
