| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $334.6K | $686.5K | $978.1K | -51.3% | -65.8% |
| Op. Income | -$2M | -$2M | -$2M | 2.0% | -3.7% |
| Gross Margin | 57.0% | 49.0% | 25.7% | 8.0pp | 31.3pp |
| Net Margin | -600.6% | -301.8% | -97.8% | -298.8pp | -502.8pp |
| EPS (Diluted) | $-0.07 | $-0.07 | $0.00 | 3.1% | -1552.1% |
| Free Cash Flow | -$1M | -$923.4K | -$2M | -20.5% | 49.1% |
| Item | Amount |
|---|---|
| REVENUE | $334.6K |
| Cost of Revenue | $144.0K |
| GROSS PROFIT | $190.7K |
| R&D Expenses | $522.7K |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $4.9K |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $87.4K |
| Interest Expense | $32.5K |
| Other Income/Expenses | $116.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | -$3.8K |
| Stock-Based Compensation | $306.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$52.9K |
| Change in Working Capital | $646.9K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $961.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$654.9K |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $1M |
| Net Receivables | $246.1K |
| Inventory | $0 |
| Other Current Assets | $15.2K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $129.5K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10.4K |
| TOTAL NON-CURRENT ASSETS | $140.0K |
| TOTAL ASSETS | $13M |
| Account Payables | $661.2K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $534.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $41.4K |
| Additional Paid-In Capital | $106M |
| Retained Earnings | -$82M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $6M |
| Net Debt | -$5M |
