| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | — | $77M | — | -45.3% |
| Op. Income | -$21M | — | $6M | — | -477.0% |
| Gross Margin | 20.5% | — | 51.2% | — | -30.7pp |
| Net Margin | -62.5% | — | 5.5% | — | -68.0pp |
| EPS (Diluted) | $-0.95 | — | $0.15 | — | -733.3% |
| Free Cash Flow | -$19M | — | -$9M | — | -105.9% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $9M |
| R&D Expenses | $11M |
| Selling & Marketing | $10M |
| General & Administrative | $8M |
| SG&A Expenses | $17M |
| Other Expenses | $2M |
| Operating Expenses | $30M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $881.0K |
| Other Income/Expenses | -$940.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $3M |
| EBIT | -$21M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $39M |
| Common Stock Repurchased | -$15.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $56M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $21M |
| Goodwill | $10M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $224M |
| Account Payables | $16M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $167M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $155M |
| Retained Earnings | -$91M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $224M |
| Total Debt | $70M |
| Net Debt | $32M |
