| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $15M | $12M | -14.6% | 6.7% |
| Op. Income | -$10M | -$2M | -$10M | -379.6% | -5.5% |
| Gross Margin | 47.7% | 60.6% | 47.2% | -12.9pp | 0.5pp |
| Net Margin | -80.1% | -14.0% | -83.0% | -66.1pp | 2.9pp |
| EPS (Diluted) | $-0.53 | $-0.11 | $-0.56 | -381.8% | 5.4% |
| Free Cash Flow | -$5M | -$11M | -$6M | 56.1% | 15.7% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $6M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$10M |
| Interest Income | $217.0K |
| Interest Expense | $548.0K |
| Other Income/Expenses | -$352.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $836.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $836.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $68.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$5M |
| 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 | $153.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $11M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $79.0K |
| Goodwill | $0 |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $67M |
| Account Payables | $14M |
| Short-Term Debt | $3M |
| Deferred Revenue | $37.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $96M |
| Retained Earnings | -$83M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $67M |
| Total Debt | $18M |
| Net Debt | -$6M |
