| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | — | $17M | — | 0.8% |
| Op. Income | -$6M | — | -$8M | — | 26.5% |
| Gross Margin | 42.8% | — | 40.8% | — | 2.1pp |
| Net Margin | -30.5% | — | -50.6% | — | 20.1pp |
| EPS (Diluted) | $-0.14 | — | $-0.23 | — | 40.0% |
| Free Cash Flow | -$6M | — | -$5M | — | -12.4% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $7M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | -$1.2K |
| Operating Expenses | $13M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$6M |
| Interest Income | $170.5K |
| Interest Expense | $997 |
| Other Income/Expenses | $445.5K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $129.8K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $559.2K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $809.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $757.6K |
| Change in Working Capital | -$636.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$195.3K |
| NET CASH FROM FINANCING | -$195.3K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $20M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $87M |
| PP&E (Net) | $12M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $104M |
| Account Payables | $0 |
| Short-Term Debt | $3M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $699.2K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $62M |
| TOTAL STOCKHOLDERS' EQUITY | $62M |
| Minority Interest | $0 |
| TOTAL EQUITY | $62M |
| TOTAL LIABILITIES & EQUITY | $104M |
| Total Debt | $8M |
| Net Debt | -$37M |
