| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $42M | $0 | 7.4% | — |
| Op. Income | -$7M | $3M | -$49M | -313.0% | 86.3% |
| Gross Margin | 94.7% | 89.6% | — | 5.0pp | — |
| Net Margin | 2.1% | 20.6% | — | -18.6pp | — |
| EPS (Diluted) | $0.03 | $0.30 | $-1.76 | -90.0% | 101.7% |
| Free Cash Flow | $15M | -$9M | -$32M | 261.1% | 146.4% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $43M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $13M |
| Operating Expenses | $50M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$7M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $932.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $932.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $932.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $932.0K |
| D&A | $2M |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $932.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$88M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $678.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $359M |
| Short-Term Investments | $179M |
| Net Receivables | $46M |
| Inventory | $11M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $602M |
| PP&E (Net) | $167M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $84M |
| Tax Assets | $0 |
| Other Non-Current Assets | $196.0K |
| TOTAL NON-CURRENT ASSETS | $251M |
| TOTAL ASSETS | $853M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$269M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$299.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $799M |
| Minority Interest | $0 |
| TOTAL EQUITY | $799M |
| TOTAL LIABILITIES & EQUITY | $853M |
| Total Debt | $8M |
| Net Debt | -$351M |
