| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $4M | -9.6% | 10.0% |
| Op. Income | -$523.0K | $622.0K | -$1M | -184.1% | 60.1% |
| Gross Margin | 90.6% | 94.9% | 92.2% | -4.2pp | -1.6pp |
| Net Margin | -9.4% | 14.6% | -30.9% | -24.1pp | 21.5pp |
| EPS (Diluted) | $-0.02 | $0.04 | $-0.07 | -158.3% | 66.9% |
| Free Cash Flow | $259.0K | $35.0K | $216.0K | 640.0% | 19.9% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $438.0K |
| GROSS PROFIT | $4M |
| R&D Expenses | $819.0K |
| Selling & Marketing | $78.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$523.0K |
| Interest Income | $83.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $83.0K |
| INCOME BEFORE TAX | -$440.0K |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$442.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$442.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$442.0K |
| D&A | $72.0K |
| EBIT | -$523.0K |
| EBITDA | -$451.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$442.0K |
| Depreciation & Amortization | $72.0K |
| Stock-Based Compensation | $334.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16.0K |
| Change in Working Capital | $889.0K |
| OPERATING CASH FLOW | $869.0K |
| Capital Expenditure | -$610.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $259.0K |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $654.0K |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $628.0K |
| Goodwill | $8M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $91.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $23M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $972.0K |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $5M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $151M |
| Retained Earnings | -$134M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $0 |
| Net Debt | -$9M |
