| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $164M | — | $241M | — | -31.9% |
| Op. Income | $6M | — | $1M | — | 344.9% |
| Gross Margin | 23.6% | — | 21.5% | — | 2.1pp |
| Net Margin | -10.2% | — | -5.2% | — | -5.1pp |
| EPS (Diluted) | $-0.23 | — | $-0.18 | — | -27.8% |
| Free Cash Flow | -$18M | — | -$15M | — | -21.5% |
| Item | Amount |
|---|---|
| REVENUE | $164M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $39M |
| R&D Expenses | $815.0K |
| Selling & Marketing | -$9M |
| General & Administrative | $41M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $6M |
| Interest Income | $118.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $907.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | -$4M |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $5M |
| EBIT | $126.0K |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $22.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $61M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $51M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $262M |
| Inventory | $112M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $482M |
| PP&E (Net) | $107M |
| Goodwill | $101M |
| Intangible Assets | $43M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $313M |
| TOTAL ASSETS | $796M |
| Account Payables | $130M |
| Short-Term Debt | $4M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $333M |
| Long-Term Debt | $437M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $183M |
| TOTAL NON-CURRENT LIABILITIES | $685M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $5M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$115M |
| Accum. Other Comp. Income | -$69M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$223M |
| Minority Interest | $544.0K |
| TOTAL EQUITY | -$222M |
| TOTAL LIABILITIES & EQUITY | $796M |
| Total Debt | $499M |
| Net Debt | $455M |
