| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $3M | $3M | -56.8% | -57.5% |
| Op. Income | -$555.8K | -$2M | -$883.1K | 74.3% | 37.1% |
| Gross Margin | 59.7% | 29.9% | 12.0% | 29.8pp | 47.7pp |
| Net Margin | -56.5% | -230.4% | 2.1% | 173.9pp | -58.6pp |
| EPS (Diluted) | $-1.38 | $5.11 | $0.15 | -127.0% | -1008.7% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $439.8K |
| GROSS PROFIT | $650.4K |
| R&D Expenses | $165.4K |
| Selling & Marketing | $623.7K |
| General & Administrative | $417.0K |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$555.8K |
| Interest Income | $9.6K |
| Interest Expense | $0 |
| Other Income/Expenses | -$20.2K |
| INCOME BEFORE TAX | -$576.0K |
| Income Tax Expense | $33.5K |
| Net Income from Continuing Ops | -$609.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$615.8K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$615.8K |
| D&A | $69.1K |
| EBIT | -$555.8K |
| EBITDA | -$486.6K |
| EPS | -$2 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$615.8K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $615.8K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $329.5K |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $730.6K |
| TOTAL NON-CURRENT ASSETS | $730.6K |
| TOTAL ASSETS | $17M |
| Account Payables | $606.8K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $656.1K |
| TOTAL NON-CURRENT LIABILITIES | $656.1K |
| TOTAL LIABILITIES | $74M |
| Common Stock | $72.5K |
| Additional Paid-In Capital | $298M |
| Retained Earnings | -$367M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$59M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$57M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $0 |
| Net Debt | -$7M |
