| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $20M | $13M | -27.3% | 11.8% |
| Op. Income | -$3M | -$5M | -$4M | 40.5% | 20.6% |
| Gross Margin | 10.2% | 2.1% | 0.0% | 8.1pp | 10.1pp |
| Net Margin | -20.9% | -25.3% | -29.4% | 4.5pp | 8.6pp |
| EPS (Diluted) | $-0.21 | $-0.35 | $-0.38 | 40.0% | 44.7% |
| Free Cash Flow | -$3M | $311.0K | -$949.0K | -1106.4% | -229.8% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $5M |
| Operating Expenses | $5M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$3M |
| Interest Income | $71.0K |
| Interest Expense | $4.0K |
| Other Income/Expenses | $11.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| 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 | $966.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $966.0K |
| Stock-Based Compensation | $554.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$456.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$104.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $25.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $252.0K |
| NET CASH FROM FINANCING | $277.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $11M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $18M |
| Goodwill | $10M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $98.0K |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $76M |
| Account Payables | $11M |
| Short-Term Debt | $45.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $178.0K |
| Deferred Revenue NC | $470.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $143M |
| Retained Earnings | -$96M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $295.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $76M |
| Total Debt | $3M |
| Net Debt | -$2M |
