| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $4M | 28.2% | -19.4% |
| Op. Income | -$224.6K | -$3M | -$4M | 91.9% | 93.9% |
| Gross Margin | 48.1% | 18.3% | 45.5% | 29.8pp | 2.6pp |
| Net Margin | -19.1% | -133.3% | -138.2% | 114.2pp | 119.1pp |
| EPS (Diluted) | $-0.46 | $-8.76 | $-46.57 | 94.7% | 99.0% |
| Free Cash Flow | -$1M | $442.9K | -$2M | -383.2% | 25.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $973.6K |
| General & Administrative | $971.7K |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$224.6K |
| Interest Income | $0 |
| Interest Expense | $505.0K |
| Other Income/Expenses | -$459.1K |
| INCOME BEFORE TAX | -$683.7K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$683.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$683.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$683.7K |
| D&A | $719.5K |
| EBIT | -$178.7K |
| EBITDA | $540.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$683.7K |
| Depreciation & Amortization | $719.5K |
| Stock-Based Compensation | $100.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$13.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13.8K |
| Net Debt Issuance | -$518.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26.7K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$9.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11.3K |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $5M |
| Other Current Assets | $758.4K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $534.4K |
| Goodwill | $9M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $75.4K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $25M |
| Account Payables | $6M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $99.4K |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $150.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $368.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $518.0K |
| TOTAL LIABILITIES | $22M |
| Common Stock | $170 |
| Additional Paid-In Capital | $118M |
| Retained Earnings | -$115M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $9M |
| Net Debt | $9M |
