| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $726.0K | $1M | $2M | -28.6% | -60.7% |
| Op. Income | -$2M | -$2M | -$2M | -13.1% | -0.4% |
| Gross Margin | 30.3% | 34.8% | 37.2% | -4.5pp | -6.9pp |
| Net Margin | -273.6% | -189.9% | -102.5% | -83.7pp | -171.0pp |
| EPS (Diluted) | $-5.00 | $-6.70 | $-11.00 | 25.4% | 54.5% |
| Free Cash Flow | -$204.0K | -$1M | -$2M | 85.3% | 88.1% |
| Item | Amount |
|---|---|
| REVENUE | $726.0K |
| Cost of Revenue | $506.0K |
| GROSS PROFIT | $220.0K |
| R&D Expenses | $647.0K |
| Selling & Marketing | $627.0K |
| General & Administrative | $817.0K |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $92.0K |
| Interest Expense | $207.0K |
| Other Income/Expenses | -$115.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $4.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $4.0K |
| Stock-Based Compensation | $89.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$132.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$203.0K |
| Capital Expenditure | -$1.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1.0K |
| Net Debt Issuance | -$164.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$164.0K |
| FREE CASH FLOW | -$204.0K |
| Net Change in Cash | -$370.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $197.0K |
| Net Receivables | $533.0K |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $786.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $11M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $305.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $68.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $292.0K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | -$42M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $159.0K |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $11M |
| Total Debt | $5M |
| Net Debt | $4M |
