| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $33M | $27M | 31.4% | 59.1% |
| Op. Income | -$878.2K | -$879.7K | -$1M | 0.2% | 27.7% |
| Gross Margin | 16.0% | 19.9% | 17.8% | -4.0pp | -1.8pp |
| Net Margin | -3.1% | -4.6% | -7.4% | 1.4pp | 4.3pp |
| EPS (Diluted) | $-0.03 | $-0.00 | $-0.04 | -3062.5% | 33.4% |
| Free Cash Flow | -$14M | -$11M | $2M | -23.8% | -827.9% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$878.2K |
| Interest Income | $72.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $32.7K |
| INCOME BEFORE TAX | -$845.5K |
| Income Tax Expense | $496.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $316.6K |
| EBIT | -$878.2K |
| EBITDA | -$561.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $316.6K |
| Stock-Based Compensation | $967.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $225.5K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$788.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$255.7K |
| NET CASH FROM INVESTING | -$788.8K |
| Net Debt Issuance | -$242.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$461.1K |
| NET CASH FROM FINANCING | -$703.3K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $9M |
| Net Receivables | $39M |
| Inventory | $6M |
| Other Current Assets | $65.7K |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $255.7K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $660.3K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $88M |
| Account Payables | $51M |
| Short-Term Debt | $1M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $253.3K |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $5.4K |
| Additional Paid-In Capital | $26M |
| Retained Earnings | $4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $522.6K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $5M |
| Net Debt | -$21M |
