| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $18M | $21M | 3.7% | -11.9% |
| Op. Income | -$18M | -$24M | -$28M | 24.3% | 33.2% |
| Gross Margin | 68.2% | 64.5% | 69.3% | 3.7pp | -1.1pp |
| Net Margin | -96.8% | -134.0% | -130.0% | 37.2pp | 33.2pp |
| EPS (Diluted) | $-17.31 | $-23.14 | $-26.43 | 25.2% | 34.5% |
| Free Cash Flow | -$6M | -$4M | -$17M | -66.7% | 64.5% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $10M |
| Selling & Marketing | $7M |
| General & Administrative | $14M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$18M |
| Interest Income | $590.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $651.5K |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $26.3K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $5M |
| EBIT | -$18M |
| EBITDA | -$14M |
| EPS | -$17 |
| EPS Diluted | -$17 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$348.6K |
| NET CASH FROM INVESTING | -$348.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $9M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $109.1K |
| Long-Term Investments | $36.4K |
| Tax Assets | $777.3K |
| Other Non-Current Assets | $527.3K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $144M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $689.2K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | -$581M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $0 |
| TOTAL EQUITY | $105M |
| TOTAL LIABILITIES & EQUITY | $144M |
| Total Debt | $3M |
| Net Debt | -$81M |
