| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $39M | $41M | -4.4% | -9.9% |
| Op. Income | -$4M | -$17M | -$180.0K | 78.3% | -1902.8% |
| Gross Margin | 29.0% | 31.7% | 36.8% | -2.8pp | -7.8pp |
| Net Margin | -19.1% | -45.5% | -7.1% | 26.4pp | -12.0pp |
| EPS (Diluted) | $-22.86 | $-55.62 | $-10.38 | 58.9% | -120.2% |
| Free Cash Flow | -$2M | $2M | -$2M | -204.1% | -17.7% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $11M |
| R&D Expenses | $1M |
| Selling & Marketing | -$2M |
| General & Administrative | $15M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $870.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$23 |
| EPS Diluted | -$23 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $549.0K |
| Deferred Income Tax | -$323.0K |
| Other Non-Cash Items | $198.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$394.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$394.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $39M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $880.0K |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $142M |
| Account Payables | $19M |
| Short-Term Debt | $1M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $120M |
| Retained Earnings | -$111M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $490.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $0 |
| TOTAL EQUITY | $9M |
| TOTAL LIABILITIES & EQUITY | $142M |
| Total Debt | $47M |
| Net Debt | $36M |
