| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $24M | $21M | -17.2% | -4.5% |
| Op. Income | $7M | $9M | $7M | -17.6% | -2.5% |
| Gross Margin | 95.7% | 94.0% | 94.7% | 1.6pp | 1.0pp |
| Net Margin | 67.0% | 7.4% | 8.3% | 59.6pp | 58.7pp |
| EPS (Diluted) | $0.21 | $-0.12 | $0.01 | 275.0% | 2857.7% |
| Free Cash Flow | $2M | $15M | $2M | -86.7% | 5.4% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $877.0K |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $9M |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $9M |
| EBIT | $19M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $877.0K |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $9M |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $9M |
| EBIT | $19M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $64M |
| NET CASH FROM INVESTING | $63M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | -$51.0K |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $8M |
| Short-Term Debt | $200.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $552M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $77M |
| TOTAL NON-CURRENT LIABILITIES | $628M |
| TOTAL LIABILITIES | $640M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $856M |
| Retained Earnings | -$142M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $723M |
| Minority Interest | $0 |
| TOTAL EQUITY | $723M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $552M |
| Net Debt | $501M |
