| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $49M | $57M | -3.2% | -15.7% |
| Op. Income | -$9M | -$27M | -$7M | 65.3% | -27.1% |
| Gross Margin | 25.8% | 23.5% | 28.7% | 2.3pp | -2.8pp |
| Net Margin | -18.5% | -55.2% | -10.8% | 36.8pp | -7.7pp |
| EPS (Diluted) | $-0.14 | $-0.44 | $-0.07 | 68.2% | -89.7% |
| Free Cash Flow | -$4M | -$2M | -$19.0K | -95.8% | -21115.8% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $14M |
| Operating Expenses | $22M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$9M |
| Interest Income | $602.0K |
| Interest Expense | $56.0K |
| Other Income/Expenses | $593.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$2.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $4M |
| EBIT | -$9M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $778.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$845.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$355.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $30.0K |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$28.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$28.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $30M |
| Net Receivables | $8M |
| Inventory | $66M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $142M |
| PP&E (Net) | $66M |
| Goodwill | $8M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $901.0K |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $230M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $29M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $317.0K |
| TOTAL NON-CURRENT LIABILITIES | $36M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $62.0K |
| Additional Paid-In Capital | $374M |
| Retained Earnings | -$209M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $165M |
| Minority Interest | $0 |
| TOTAL EQUITY | $165M |
| TOTAL LIABILITIES & EQUITY | $230M |
| Total Debt | $43M |
| Net Debt | $12M |
