| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $27M | $36M | -6.5% | -29.9% |
| Op. Income | -$49M | -$54M | -$76M | 9.2% | 35.4% |
| Gross Margin | -128.0% | 80.1% | 90.3% | -208.1pp | -218.4pp |
| Net Margin | -129.8% | -207.2% | -212.1% | 77.4pp | 82.3pp |
| EPS (Diluted) | $-0.33 | $-0.57 | $-0.81 | 42.1% | 59.3% |
| Free Cash Flow | -$59M | -$19M | -$102M | -219.4% | 41.9% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $58M |
| GROSS PROFIT | -$32M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$20M |
| Operating Expenses | $17M |
| Cost & Expenses | $75M |
| OPERATING INCOME | -$49M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $143.0K |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $16M |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $820.0K |
| EBIT | -$49M |
| EBITDA | -$48M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $820.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$29.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $60M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | -$12.0K |
| Common Stock Repurchased | -$153.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$165.0K |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $72M |
| Net Receivables | $66M |
| Inventory | $27M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $278M |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $366M |
| Account Payables | $4M |
| Short-Term Debt | $16M |
| Deferred Revenue | $13M |
| Other Current Liabilities | -$11M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $90M |
| Deferred Revenue NC | $147M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $355M |
| TOTAL LIABILITIES | $552M |
| Common Stock | $995.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$228M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$186M |
| TOTAL LIABILITIES & EQUITY | $366M |
| Total Debt | $184M |
| Net Debt | $78M |
