| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $115M | $73M | 4.1% | 64.6% |
| Op. Income | $501.0K | $4M | -$10M | -86.6% | 104.9% |
| Gross Margin | 28.6% | 23.5% | 18.6% | 5.0pp | 10.0pp |
| Net Margin | 0.5% | -4.4% | -13.0% | 4.9pp | 13.5pp |
| EPS (Diluted) | $0.01 | $-0.05 | $-0.09 | 111.5% | 106.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $34M |
| R&D Expenses | $21M |
| Selling & Marketing | $2M |
| General & Administrative | $15M |
| SG&A Expenses | $17M |
| Other Expenses | -$4M |
| Operating Expenses | $34M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $501.0K |
| Interest Income | $151.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $151.0K |
| INCOME BEFORE TAX | $652.0K |
| Income Tax Expense | $46.0K |
| Net Income from Continuing Ops | $606.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $606.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $606.0K |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $34M |
| R&D Expenses | $21M |
| Selling & Marketing | $2M |
| General & Administrative | $15M |
| SG&A Expenses | $17M |
| Other Expenses | -$4M |
| Operating Expenses | $34M |
| Cost & Expenses | $119M |
| OPERATING INCOME | $501.0K |
| Interest Income | $151.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $151.0K |
| INCOME BEFORE TAX | $652.0K |
| Income Tax Expense | $46.0K |
| Net Income from Continuing Ops | $606.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $606.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $606.0K |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $606.0K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$606.0K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $163M |
| TOTAL CURRENT ASSETS | $320M |
| PP&E (Net) | $233M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $74M |
| Tax Assets | $1M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $371M |
| TOTAL ASSETS | $691M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $131M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $541.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $300M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $441M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $391M |
| Minority Interest | $0 |
| TOTAL EQUITY | $391M |
| TOTAL LIABILITIES & EQUITY | $691M |
| Total Debt | $98M |
| Net Debt | -$30M |
