| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $15M | $18M | 0.3% | -16.2% |
| Op. Income | -$343.0K | -$306.0K | $1M | -12.1% | -125.1% |
| Gross Margin | 26.6% | 33.8% | 31.7% | -7.2pp | -5.1pp |
| Net Margin | -0.5% | 9.2% | 5.2% | -9.7pp | -5.7pp |
| EPS (Diluted) | $-0.01 | $0.15 | $0.10 | -105.5% | -108.2% |
| Free Cash Flow | $2M | $9M | -$4M | -82.5% | 135.8% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $4M |
| R&D Expenses | $700.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $10.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$343.0K |
| Interest Income | $496.0K |
| Interest Expense | $49.0K |
| Other Income/Expenses | $283.0K |
| INCOME BEFORE TAX | -$60.0K |
| Income Tax Expense | $13.0K |
| Net Income from Continuing Ops | -$73.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73.0K |
| D&A | $200.0K |
| EBIT | -$11.0K |
| EBITDA | $189.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$73.0K |
| Depreciation & Amortization | $200.0K |
| Stock-Based Compensation | $296.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $195.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$126.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$126.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $394.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $7M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $54M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $49.0K |
| Long-Term Investments | $2M |
| Tax Assets | $2M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $67M |
| Account Payables | $14M |
| Short-Term Debt | $760.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $21M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $21M |
| Retained Earnings | $31M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $67M |
| Total Debt | $1M |
| Net Debt | -$24M |
