| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $72M | $66M | 4.8% | 15.2% |
| Op. Income | -$7M | -$4M | -$9M | -65.6% | 14.8% |
| Gross Margin | 55.0% | 29.9% | 54.0% | 25.1pp | 0.9pp |
| Net Margin | -23.1% | -46.5% | -28.0% | 23.3pp | 4.9pp |
| EPS (Diluted) | $-0.93 | $-1.83 | $-1.21 | 49.2% | 23.1% |
| Free Cash Flow | -$3M | -$19M | -$3M | 85.2% | 4.9% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $14M |
| Operating Expenses | $49M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$7M |
| Interest Income | $300.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$420.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $14M |
| EBIT | -$5M |
| EBITDA | $9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$231.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $99M |
| PP&E (Net) | $20M |
| Goodwill | $295M |
| Intangible Assets | $158M |
| Long-Term Investments | $297.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $478M |
| TOTAL ASSETS | $577M |
| Account Payables | $22M |
| Short-Term Debt | $3M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $438M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $482M |
| TOTAL LIABILITIES | $554M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $464M |
| Retained Earnings | -$433M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $577M |
| Total Debt | $451M |
| Net Debt | $428M |
