| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $11M | $8M | -4.7% | 35.0% |
| Op. Income | -$22M | -$10M | -$12M | -130.1% | -82.8% |
| Gross Margin | 83.8% | 84.8% | 83.4% | -1.0pp | 0.4pp |
| Net Margin | -206.0% | -81.1% | -142.5% | -124.9pp | -63.4pp |
| EPS (Diluted) | $-1.04 | $-0.44 | $-0.55 | -136.4% | -89.1% |
| Free Cash Flow | -$12M | -$8M | -$10M | -47.5% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $9M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $33M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $960.0K |
| Other Income/Expenses | $84.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $38.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $131.0K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $131.0K |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48.0K |
| Change in Working Capital | -$30.0K |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$917.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$917.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $815.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $11M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $106M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $216.0K |
| Additional Paid-In Capital | $566M |
| Retained Earnings | -$500M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$210.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $66M |
| Minority Interest | $0 |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $106M |
| Total Debt | $31M |
| Net Debt | -$50M |
