| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | $8M | -4.6% | 51.2% |
| Op. Income | $2M | $392.0K | -$3M | 425.5% | 166.3% |
| Gross Margin | 39.2% | 31.1% | -0.1% | 8.2pp | 39.3pp |
| Net Margin | 16.5% | 1.9% | -38.0% | 14.6pp | 54.5pp |
| EPS (Diluted) | $0.22 | $0.03 | $-0.33 | 736.5% | 166.7% |
| Free Cash Flow | -$3M | -$805.0K | -$4M | -271.2% | 26.0% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $506.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $31.0K |
| Other Income/Expenses | -$11.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $7.0K |
| 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 |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $506.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $31.0K |
| Other Income/Expenses | -$11.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $7.0K |
| 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 | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$187.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$187.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $23M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $14M |
| Goodwill | $617.0K |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $76M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $9M |
| Additional Paid-In Capital | $49M |
| Retained Earnings | -$24M |
| Treasury Stock | -$3.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $76M |
| Total Debt | $7M |
| Net Debt | -$2M |
