| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $42M | $48M | -4.3% | -15.9% |
| Op. Income | $2M | $2M | $19M | -12.9% | -88.6% |
| Gross Margin | 21.8% | 22.4% | 3.9% | -0.5pp | 17.9pp |
| Net Margin | 3.9% | 5.0% | 44.5% | -1.1pp | -40.6pp |
| EPS (Diluted) | $0.05 | $0.07 | $-0.12 | -28.6% | 141.7% |
| Free Cash Flow | $4M | -$3M | $983.0K | 247.2% | 280.0% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $9M |
| R&D Expenses | $406.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $220.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $278.0K |
| Other Income/Expenses | -$304.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $242.0K |
| 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 | $220.0K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $9M |
| R&D Expenses | $406.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $220.0K |
| Operating Expenses | $7M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $278.0K |
| Other Income/Expenses | -$304.0K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $242.0K |
| 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 | $220.0K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $220.0K |
| Stock-Based Compensation | $311.0K |
| Deferred Income Tax | $209.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$752.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$152.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$152.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$634.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $56M |
| Inventory | $14M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $91.0K |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $156M |
| Account Payables | $36M |
| Short-Term Debt | $3M |
| Deferred Revenue | $303.0K |
| Other Current Liabilities | $447.0K |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $15.0K |
| Deferred Revenue NC | $35.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $463M |
| Retained Earnings | -$325M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | $169.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $156M |
| Total Debt | $13M |
| Net Debt | $7M |
