| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $851.0K | $1M | $1M | -34.4% | -19.1% |
| Op. Income | -$505.0K | -$115.7K | -$260.9K | -336.4% | -93.5% |
| Gross Margin | 23.8% | 5.4% | 22.5% | 18.4pp | 1.3pp |
| Net Margin | -143.5% | 66.6% | -259.3% | -210.1pp | 115.8pp |
| EPS (Diluted) | $-3.75 | $2.40 | $-12.45 | -256.3% | 69.9% |
| Free Cash Flow | -$220.5K | $1M | -$1M | -119.9% | 80.1% |
| Item | Amount |
|---|---|
| REVENUE | $851.0K |
| Cost of Revenue | $648.4K |
| GROSS PROFIT | $202.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $139.4K |
| General & Administrative | $568.3K |
| SG&A Expenses | $707.6K |
| Other Expenses | $0 |
| Operating Expenses | $707.6K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$505.0K |
| Interest Income | $368 |
| Interest Expense | $847.7K |
| Other Income/Expenses | -$715.6K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $484 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $49.0K |
| EBIT | -$372.9K |
| EBITDA | -$324.0K |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $431.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $720.6K |
| Change in Working Capital | -$124.0K |
| OPERATING CASH FLOW | -$193.2K |
| Capital Expenditure | -$27.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27.4K |
| Net Debt Issuance | $70.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$410.8K |
| NET CASH FROM FINANCING | $306.5K |
| FREE CASH FLOW | -$220.5K |
| Net Change in Cash | $88.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $904.2K |
| Short-Term Investments | $18M |
| Net Receivables | $6M |
| Inventory | $171.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $52M |
| Account Payables | $157.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $182.4K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $153.5K |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$10M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $114.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $52M |
| Total Debt | $25M |
| Net Debt | $24M |
