| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $119M | $145M | 0.9% | -17.2% |
| Op. Income | -$11M | -$60M | -$27M | 82.1% | 60.6% |
| Gross Margin | 67.7% | 62.2% | 63.0% | 5.6pp | 4.7pp |
| Net Margin | -11.8% | -54.7% | -20.1% | 42.8pp | 8.3pp |
| EPS (Diluted) | $-2.10 | $-10.31 | $-4.72 | 79.6% | 55.5% |
| Free Cash Flow | $7M | -$9M | -$11M | 182.3% | 165.9% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $81M |
| R&D Expenses | $18M |
| Selling & Marketing | $59M |
| General & Administrative | $13M |
| SG&A Expenses | $73M |
| Other Expenses | $2M |
| Operating Expenses | $92M |
| Cost & Expenses | $131M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $10M |
| EBIT | -$12M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$206.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $21M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $116M |
| PP&E (Net) | $40M |
| Goodwill | $85M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $147M |
| TOTAL ASSETS | $263M |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $102M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $190M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $659M |
| Retained Earnings | -$586M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73M |
| Minority Interest | $0 |
| TOTAL EQUITY | $73M |
| TOTAL LIABILITIES & EQUITY | $263M |
| Total Debt | $29M |
| Net Debt | -$10M |
