| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $44M | $43M | 0.7% | 3.5% |
| Op. Income | -$8M | -$9M | -$12M | 9.8% | 33.5% |
| Gross Margin | 63.7% | 64.4% | 63.1% | -0.7pp | 0.6pp |
| Net Margin | -24.8% | -27.1% | -29.6% | 2.4pp | 4.8pp |
| EPS (Diluted) | $-0.08 | $-0.09 | $-0.09 | 9.6% | 18.8% |
| Free Cash Flow | -$1M | $512.0K | -$9M | -342.0% | 85.7% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $29M |
| R&D Expenses | $12M |
| Selling & Marketing | -$8M |
| General & Administrative | $32M |
| SG&A Expenses | $24M |
| Other Expenses | $222.0K |
| Operating Expenses | $36M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$8M |
| Interest Income | $818.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$831.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$161.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$93.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$875.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $94.0K |
| NET CASH FROM FINANCING | -$781.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $37M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $32M |
| Goodwill | $11M |
| Intangible Assets | $572.0K |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $173M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $54M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $97M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $203.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $478M |
| Retained Earnings | -$449M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $302.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $173M |
| Total Debt | $53M |
| Net Debt | $22M |
