| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $874.0K | $457.0K | $476.0K | 91.2% | 83.6% |
| Op. Income | -$18M | -$13M | -$8M | -37.7% | -132.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -1573.0% | -2311.4% | -1489.3% | 738.4pp | -83.7pp |
| EPS (Diluted) | $-0.54 | $-2.33 | $-7.70 | 76.8% | 93.0% |
| Free Cash Flow | -$15M | -$12M | -$10M | -26.2% | -45.4% |
| Item | Amount |
|---|---|
| REVENUE | $874.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $874.0K |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$18M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $107.0K |
| EBIT | -$18M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $107.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$518.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$32.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $218M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $197M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $330M |
| Short-Term Investments | $47M |
| Net Receivables | $876.0K |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $725.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $811.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $382M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $100.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $719.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $816.0K |
| TOTAL LIABILITIES | $10M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $476M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $373M |
| Minority Interest | $0 |
| TOTAL EQUITY | $373M |
| TOTAL LIABILITIES & EQUITY | $382M |
| Total Debt | $497.0K |
| Net Debt | -$329M |
