| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $15M | $12M | -18.8% | -3.1% |
| Op. Income | -$4M | -$5M | -$8M | 23.3% | 53.1% |
| Gross Margin | 43.8% | 45.0% | 27.3% | -1.2pp | 16.4pp |
| Net Margin | -42.0% | -31.5% | -62.6% | -10.4pp | 20.6pp |
| EPS (Diluted) | $-0.09 | $-0.09 | $-0.15 | -7.6% | 37.0% |
| Free Cash Flow | $666.0K | -$3M | -$6M | 126.2% | 110.5% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$4M |
| Interest Income | $439.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $34.0K |
| 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 | $5M |
| EBIT | -$4M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $689.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $666.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6.0K |
| NET CASH FROM FINANCING | -$6.0K |
| FREE CASH FLOW | $666.0K |
| Net Change in Cash | $660.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $46M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $40M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $311.0K |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $95M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $74.0K |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $636.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $363M |
| Retained Earnings | -$296M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $95M |
| Total Debt | $4M |
| Net Debt | -$35M |
