| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $5M | — | 40.4% | — |
| Op. Income | -$380.3K | $2M | — | -119.1% | — |
| Gross Margin | 23.0% | 61.1% | — | -38.1pp | — |
| Net Margin | -5.0% | -37.3% | — | 32.3pp | — |
| EPS (Diluted) | $-0.35 | $-1.90 | — | 81.5% | — |
| Free Cash Flow | $96.3K | $459.3K | — | -79.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $368.7K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $687 |
| Operating Expenses | $2M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$380.3K |
| Interest Income | $17.5K |
| Interest Expense | $19.0K |
| Other Income/Expenses | -$854 |
| INCOME BEFORE TAX | -$381.2K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$381.2K |
| Net Income from Discontinued Ops | $27.0K |
| Other Adjustments | $0 |
| NET INCOME | -$354.2K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$354.2K |
| D&A | $81.4K |
| EBIT | -$362.2K |
| EBITDA | -$280.8K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$354.2K |
| Depreciation & Amortization | $81.4K |
| Stock-Based Compensation | $50.8K |
| Deferred Income Tax | -$348.8K |
| Other Non-Cash Items | -$11.0K |
| Change in Working Capital | $348.8K |
| OPERATING CASH FLOW | $115.8K |
| Capital Expenditure | -$19.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19.5K |
| Net Debt Issuance | -$250.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$250.0K |
| FREE CASH FLOW | $96.3K |
| Net Change in Cash | -$153.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $405.2K |
| Other Current Assets | $527.9K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $3M |
| Goodwill | $2M |
| Intangible Assets | $840.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $68.7K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $16M |
| Account Payables | $392.2K |
| Short-Term Debt | $850.0K |
| Deferred Revenue | $250.4K |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $100.6K |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $4M |
| Net Debt | $972.5K |
