| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $72M | $54M | -45.4% | -27.6% |
| Op. Income | -$30M | -$58M | -$36M | 48.3% | 16.4% |
| Gross Margin | 46.9% | 38.0% | 40.1% | 8.9pp | 6.8pp |
| Net Margin | -69.5% | -78.9% | -64.7% | 9.4pp | -4.8pp |
| EPS (Diluted) | $-3.52 | $-7.39 | $-4.69 | 52.4% | 24.9% |
| Free Cash Flow | -$27M | -$6M | -$24M | -360.2% | -14.1% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $40M |
| SG&A Expenses | $47M |
| Other Expenses | $800.0K |
| Operating Expenses | $48M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$30M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $239.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $5M |
| EBIT | -$29M |
| EBITDA | -$24M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $304.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $52.0K |
| NET CASH FROM INVESTING | -$766.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | $33.0K |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $61M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $81M |
| Goodwill | $0 |
| Intangible Assets | $81.0K |
| Long-Term Investments | $2M |
| Tax Assets | $1M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $87M |
| TOTAL ASSETS | $272M |
| Account Payables | $13M |
| Short-Term Debt | $14M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.0K |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $583M |
| Retained Earnings | -$419M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $160M |
| Minority Interest | $0 |
| TOTAL EQUITY | $160M |
| TOTAL LIABILITIES & EQUITY | $272M |
| Total Debt | $79M |
| Net Debt | -$24M |
