| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $76M | $59M | 0.6% | 29.0% |
| Op. Income | $5M | $3M | $7M | 87.3% | -23.1% |
| Gross Margin | 36.9% | 38.2% | 41.9% | -1.4pp | -5.0pp |
| Net Margin | 6.5% | 4.6% | 9.5% | 2.0pp | -2.9pp |
| EPS (Diluted) | $0.09 | $0.06 | $0.10 | 43.5% | -11.6% |
| Free Cash Flow | $3M | $8M | $3M | -54.6% | 8.1% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $28M |
| R&D Expenses | $9M |
| Selling & Marketing | $7M |
| General & Administrative | $8M |
| SG&A Expenses | $15M |
| Other Expenses | -$2M |
| Operating Expenses | $23M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $5M |
| Interest Income | $513.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $513.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $940.0K |
| 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 | $3M |
| EBIT | $5M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $28M |
| R&D Expenses | $9M |
| Selling & Marketing | $7M |
| General & Administrative | $8M |
| SG&A Expenses | $15M |
| Other Expenses | -$2M |
| Operating Expenses | $23M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $5M |
| Interest Income | $513.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $513.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $940.0K |
| 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 | $3M |
| EBIT | $5M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $451.0K |
| Other Non-Cash Items | -$55.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$793.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$793.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $415.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $0 |
| Net Receivables | $76M |
| Inventory | $41M |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $243M |
| PP&E (Net) | $78M |
| Goodwill | $55M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $11M |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $183M |
| TOTAL ASSETS | $426M |
| Account Payables | $13M |
| Short-Term Debt | $5M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $906.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $145M |
| Common Stock | $3M |
| Additional Paid-In Capital | $939M |
| Retained Earnings | -$655M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $281M |
| Minority Interest | $0 |
| TOTAL EQUITY | $281M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $12M |
| Net Debt | -$92M |
