| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $46M | — | 8.8% | — |
| Op. Income | -$24M | -$13M | — | -86.1% | — |
| Gross Margin | -21.2% | 3.8% | — | -25.0pp | — |
| Net Margin | -11.9% | -124.1% | — | 112.2pp | — |
| EPS (Diluted) | $-0.02 | $-0.18 | — | 90.2% | — |
| Free Cash Flow | -$109M | -$11M | — | -927.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $61M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $0 |
| Selling & Marketing | $116.0K |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | -$170.0K |
| Operating Expenses | $13M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$24M |
| Interest Income | $680.0K |
| Interest Expense | $378.0K |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $39M |
| EBIT | -$12M |
| EBITDA | $27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | -$323.0K |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$78M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$109M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $66M |
| Short-Term Investments | $58M |
| Net Receivables | $3M |
| Inventory | $1M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $137M |
| PP&E (Net) | $279M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $289M |
| TOTAL ASSETS | $426M |
| Account Payables | $11M |
| Short-Term Debt | $151.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $586M |
| Additional Paid-In Capital | $60M |
| Retained Earnings | -$293M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $365M |
| Minority Interest | $0 |
| TOTAL EQUITY | $365M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $16M |
| Net Debt | -$50M |
