| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $127M | — | -9.3% | — |
| Op. Income | -$5M | -$7M | — | 31.3% | — |
| Gross Margin | 4.3% | 5.0% | — | -0.7pp | — |
| Net Margin | -4.0% | -3.7% | — | -0.3pp | — |
| EPS (Diluted) | $-0.06 | $-0.06 | — | 2.4% | — |
| Free Cash Flow | $0 | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $5M |
| R&D Expenses | $1M |
| Selling & Marketing | $3M |
| General & Administrative | $5M |
| SG&A Expenses | $8M |
| Other Expenses | -$34.2K |
| Operating Expenses | $10M |
| Cost & Expenses | $120M |
| OPERATING INCOME | -$5M |
| Interest Income | $288.6K |
| Interest Expense | $34.2K |
| Other Income/Expenses | $64.1K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$1.2K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $0 |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| 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 | $32M |
| Short-Term Investments | $2M |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $2M |
| Goodwill | $12M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $129M |
| Account Payables | $47M |
| Short-Term Debt | $2M |
| Deferred Revenue | $616.0K |
| Other Current Liabilities | $30.5K |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $209.2K |
| Deferred Tax Liabilities | $274.8K |
| Other Non-Current Liabilities | $818.7K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $731 |
| Additional Paid-In Capital | $367M |
| Retained Earnings | -$313M |
| Treasury Stock | -$149.8K |
| Accum. Other Comp. Income | $250.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $129M |
| Total Debt | $4M |
| Net Debt | -$28M |
