| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $7M | $10M | -41.8% | -58.2% |
| Op. Income | -$2M | -$479.0K | -$3M | -256.6% | 46.8% |
| Gross Margin | 11.6% | 21.7% | 7.3% | -10.0pp | 4.3pp |
| Net Margin | -45.3% | -23.8% | -33.3% | -21.5pp | -12.0pp |
| EPS (Diluted) | $-6243.94 | $-5821.61 | $-11699.44 | -7.3% | 46.6% |
| Free Cash Flow | -$50.0K | $670.0K | -$2M | -107.5% | 96.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $478.0K |
| R&D Expenses | $127.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $149.0K |
| Other Income/Expenses | -$149.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $5.0K |
| 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 | $536.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$6.2K |
| EPS Diluted | -$6.2K |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $536.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $62.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$50.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$883.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$883.0K |
| FREE CASH FLOW | -$50.0K |
| Net Change in Cash | -$933.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $301.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $773.0K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $33.0K |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $33.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $7M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $888.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $500.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $0 |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$511.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$511.0K |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $3M |
| Net Debt | $2M |
