| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $28M | $25M | 61.6% | 81.3% |
| Op. Income | -$60M | -$21M | -$17M | -181.4% | -262.7% |
| Gross Margin | 53.1% | 47.4% | 48.9% | 5.7pp | 4.2pp |
| Net Margin | -70.6% | -70.2% | -67.1% | -0.5pp | -3.6pp |
| EPS (Diluted) | $-0.27 | $-0.25 | $-0.21 | -8.0% | -28.6% |
| Free Cash Flow | -$63M | -$14M | -$9M | -347.4% | -566.2% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $24M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $21M |
| Operating Expenses | $84M |
| Cost & Expenses | $106M |
| OPERATING INCOME | -$60M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $128.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$78M |
| D&A | $5M |
| EBIT | -$31M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$781.0K |
| Acquisitions (Net) | $280M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $39M |
| NET CASH FROM INVESTING | $318M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$473.0K |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | $236M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $175M |
| Net Receivables | $36M |
| Inventory | $40M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $548M |
| PP&E (Net) | $78M |
| Goodwill | $106M |
| Intangible Assets | $25M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $230M |
| TOTAL ASSETS | $778M |
| Account Payables | $13M |
| Short-Term Debt | $55M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $122M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $841.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $200M |
| Common Stock | $387.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $0 |
| TOTAL EQUITY | $577M |
| TOTAL LIABILITIES & EQUITY | $778M |
| Total Debt | $92M |
| Net Debt | -$195M |
