| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $104M | $118M | $96M | -12.2% | 7.7% |
| Op. Income | $2M | -$457.0K | -$2M | 584.2% | 201.4% |
| Gross Margin | 38.0% | 31.9% | 35.9% | 6.2pp | 2.2pp |
| Net Margin | -2.9% | -2.2% | -5.6% | -0.7pp | 2.8pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.06 | -15.4% | 47.3% |
| Free Cash Flow | -$10M | $846.0K | -$1M | -1244.6% | -689.8% |
| Item | Amount |
|---|---|
| REVENUE | $104M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $39M |
| R&D Expenses | $14M |
| Selling & Marketing | $10M |
| General & Administrative | $13M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $102M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $11M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $150M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $49M |
| Goodwill | $58M |
| Intangible Assets | $163.0K |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $143M |
| TOTAL ASSETS | $477M |
| Account Payables | $35M |
| Short-Term Debt | $6M |
| Deferred Revenue | $91M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $224M |
| TOTAL LIABILITIES | $426M |
| Common Stock | $97.0K |
| Additional Paid-In Capital | $558M |
| Retained Earnings | -$505M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $477M |
| Total Debt | $205M |
| Net Debt | $128M |
