| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | $5M | -5.0% | 150.6% |
| Op. Income | -$1M | -$2M | -$1M | 37.1% | 17.8% |
| Gross Margin | 5.4% | 5.2% | 7.5% | 0.3pp | -2.0pp |
| Net Margin | -10.4% | -15.9% | -29.7% | 5.5pp | 19.3pp |
| EPS (Diluted) | $-0.02 | $-0.04 | $-0.03 | 43.4% | 27.2% |
| Free Cash Flow | -$3M | -$3M | -$422.0K | 14.6% | -511.0% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $662.5K |
| R&D Expenses | $172.1K |
| Selling & Marketing | -$6.8K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $18.3K |
| Operating Expenses | $2M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$1M |
| Interest Income | $22.9K |
| Interest Expense | $121.5K |
| Other Income/Expenses | -$84.8K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $18.3K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $18.3K |
| Stock-Based Compensation | $365.5K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$380 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$380 |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $14M |
| PP&E (Net) | $167.6K |
| Goodwill | $0 |
| Intangible Assets | $61.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $228.8K |
| TOTAL ASSETS | $15M |
| Account Payables | $59.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $607.7K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $607.7K |
| Common Stock | $5.2K |
| Additional Paid-In Capital | $40M |
| Retained Earnings | -$26M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | $12.5K |
| TOTAL EQUITY | $14M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $95.3K |
| Net Debt | -$5M |
