| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $12M | -1.3% | -19.5% |
| Op. Income | -$717.0K | -$969.0K | -$690.0K | 26.0% | -3.9% |
| Gross Margin | 18.4% | 12.9% | 20.6% | 5.5pp | -2.2pp |
| Net Margin | -11.9% | -21.3% | -9.6% | 9.4pp | -2.3pp |
| EPS (Diluted) | $-7.06 | $-12.81 | $-7.07 | 44.9% | 0.1% |
| Free Cash Flow | -$1M | $1M | -$2M | -204.0% | 33.4% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$717.0K |
| Interest Income | $0 |
| Interest Expense | $380.0K |
| Other Income/Expenses | -$380.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $16.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $78.0K |
| EBIT | -$717.0K |
| EBITDA | -$639.0K |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $78.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$277.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$100.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$100.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$22.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30.0K |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $13M |
| Other Current Assets | $854.0K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $5M |
| Goodwill | $23M |
| Intangible Assets | $7.0K |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $48.0K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $55M |
| Account Payables | $0 |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $0 |
| Additional Paid-In Capital | $193M |
| Retained Earnings | -$193M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $403.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $403.0K |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $22M |
| Net Debt | $22M |
