| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $90M | $83M | -2.1% | 6.1% |
| Op. Income | $4M | $4M | $5M | 1.2% | -10.6% |
| Gross Margin | 36.2% | 34.4% | 33.8% | 1.9pp | 2.5pp |
| Net Margin | 0.5% | -1.3% | 2.4% | 1.8pp | -1.9pp |
| EPS (Diluted) | $0.00 | $-0.01 | $0.02 | 132.6% | -80.2% |
| Free Cash Flow | $3M | $8M | -$921.0K | -63.6% | 406.3% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $32M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $6M |
| SG&A Expenses | $17M |
| Other Expenses | $2M |
| Operating Expenses | $28M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $955.0K |
| Net Income from Continuing Ops | $403.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $403.0K |
| D&A | $3M |
| EBIT | $6M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $32M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $6M |
| SG&A Expenses | $17M |
| Other Expenses | $2M |
| Operating Expenses | $28M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $955.0K |
| Net Income from Continuing Ops | $403.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $403.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $403.0K |
| D&A | $3M |
| EBIT | $6M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $403.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $904.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$313.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $258.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $546.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $61M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $205M |
| PP&E (Net) | $51M |
| Goodwill | $8M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $286M |
| Account Payables | $57M |
| Short-Term Debt | $31M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $670.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $224.0K |
| Additional Paid-In Capital | $438M |
| Retained Earnings | -$275M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | $0 |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $286M |
| Total Debt | $47M |
| Net Debt | $18M |
