| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $126M | $131M | -4.3% | -8.1% |
| Op. Income | -$14M | -$13M | -$20M | -9.4% | 30.5% |
| Gross Margin | 60.6% | 57.0% | 57.8% | 3.6pp | 2.8pp |
| Net Margin | -9.7% | -11.3% | -11.7% | 1.6pp | 2.1pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.09 | 26.9% | 25.3% |
| Free Cash Flow | -$14M | $17M | -$22M | -182.0% | 38.1% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $54M |
| General & Administrative | $33M |
| SG&A Expenses | $87M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$14M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $3M |
| EBIT | -$10M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $554.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$58.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$163.0K |
| NET CASH FROM FINANCING | -$221.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $112M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $74M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $374M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $131M |
| TOTAL LIABILITIES | $212M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $483M |
| Retained Earnings | -$321M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $162M |
| Minority Interest | $0 |
| TOTAL EQUITY | $162M |
| TOTAL LIABILITIES & EQUITY | $374M |
| Total Debt | $133M |
| Net Debt | -$31M |
