| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | — | $55M | — | 18.1% |
| Op. Income | $4M | — | -$4M | — | 202.8% |
| Gross Margin | 25.3% | — | 21.5% | — | 3.8pp |
| Net Margin | -0.9% | — | -19.1% | — | 18.3pp |
| EPS (Diluted) | $-0.13 | — | $-2.29 | — | 94.3% |
| Free Cash Flow | $2M | — | -$3M | — | 157.8% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $16M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $13M |
| Operating Expenses | $13M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $4M |
| Interest Income | $324.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$565.0K |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$570.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$570.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$570.0K |
| D&A | $40M |
| EBIT | $4M |
| EBITDA | $44M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$570.0K |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$126.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$126.0K |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | -$312.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $91.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $107M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $94M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $257.0K |
| TOTAL NON-CURRENT LIABILITIES | $95M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $0 |
| Additional Paid-In Capital | $96M |
| Retained Earnings | -$123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$27M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$27M |
| TOTAL LIABILITIES & EQUITY | $107M |
| Total Debt | $98M |
| Net Debt | $67M |
