| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $251.0K | $2M | $989.0K | -89.3% | -74.6% |
| Op. Income | -$14M | -$12M | -$18M | -21.1% | 18.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -5562.9% | -510.6% | -1690.3% | -5052.4pp | -3872.7pp |
| EPS (Diluted) | $-0.79 | $-0.54 | $-0.95 | -46.3% | 16.8% |
| Free Cash Flow | -$15M | -$11M | -$16M | -33.5% | 6.2% |
| Item | Amount |
|---|---|
| REVENUE | $251.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $251.0K |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$14M |
| Interest Income | $650.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $529.0K |
| 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 | $587.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $587.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$100.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $16M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $14M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $905.0K |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $90M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $242M |
| TOTAL NON-CURRENT LIABILITIES | $254M |
| TOTAL LIABILITIES | $265M |
| Common Stock | $0 |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$195M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $207.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$175M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$175M |
| TOTAL LIABILITIES & EQUITY | $90M |
| Total Debt | $16M |
| Net Debt | -$32M |
