| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $4M | -12.8% | -13.3% |
| Op. Income | -$2M | -$2M | -$2M | -19.5% | 5.1% |
| Gross Margin | 31.8% | 38.0% | 31.5% | -6.2pp | 0.3pp |
| Net Margin | -52.4% | 63.6% | -19.9% | -116.0pp | -32.5pp |
| EPS (Diluted) | $-0.08 | $0.11 | $-0.03 | -172.0% | -128.2% |
| Free Cash Flow | $364.0K | $3M | $60M | -89.5% | -99.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $894.0K |
| Selling & Marketing | $1M |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $178.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$2.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $259.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $259.0K |
| Stock-Based Compensation | $26.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$60.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $433.0K |
| Capital Expenditure | -$69.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $342.0K |
| NET CASH FROM INVESTING | $273.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.0K |
| NET CASH FROM FINANCING | $7.0K |
| FREE CASH FLOW | $364.0K |
| Net Change in Cash | $709.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $3M |
| Net Receivables | $3M |
| Inventory | $11M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $48M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | -$3M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$290.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $48M |
| Total Debt | $574.0K |
| Net Debt | -$18M |
