| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $0 | $8M | — | -6.3% |
| Op. Income | -$7M | -$1M | -$5M | -524.1% | -52.8% |
| Gross Margin | 3.1% | — | -7.5% | — | 10.5pp |
| Net Margin | -106.8% | — | -70.4% | — | -36.4pp |
| EPS (Diluted) | $-0.49 | $-0.04 | $-0.30 | -1039.5% | -63.3% |
| Free Cash Flow | -$7M | $17M | -$7M | -142.5% | -7.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $242.6K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $994.2K |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $994.2K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $425.8K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$551.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $63.6K |
| NET CASH FROM INVESTING | -$487.4K |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $595.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $46M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $169.7K |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $70M |
| Account Payables | $7M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $0 |
| Additional Paid-In Capital | $90M |
| Retained Earnings | -$74M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $38M |
| Net Debt | $29M |
