| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $50M | $86M | -31.1% | -60.2% |
| Op. Income | -$8M | $2M | $18M | -575.6% | -145.6% |
| Gross Margin | 13.7% | 24.1% | 35.7% | -10.4pp | -21.9pp |
| Net Margin | -15.4% | 5.4% | 16.6% | -20.8pp | -32.0pp |
| EPS (Diluted) | $-0.35 | $0.18 | $1.00 | -294.4% | -135.0% |
| Free Cash Flow | $5M | $5M | -$1M | 15.9% | 587.8% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $126.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$951.0K |
| 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 | $2M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$320.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $908.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$236.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $128M |
| Net Receivables | $17M |
| Inventory | $95M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $277M |
| PP&E (Net) | $36M |
| Goodwill | $7M |
| Intangible Assets | $6M |
| Long-Term Investments | $7M |
| Tax Assets | $3M |
| Other Non-Current Assets | $988.0K |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $336M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $607.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $149.0K |
| Additional Paid-In Capital | $177M |
| Retained Earnings | $122M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $476.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $300M |
| Minority Interest | $0 |
| TOTAL EQUITY | $300M |
| TOTAL LIABILITIES & EQUITY | $336M |
| Total Debt | $16M |
| Net Debt | -$18M |
