| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $2M | 13.6% | -2.7% |
| Op. Income | -$819.0K | -$1M | -$654.0K | 23.2% | -25.2% |
| Gross Margin | 14.8% | 2.8% | 27.3% | 12.0pp | -12.5pp |
| Net Margin | -36.2% | -60.6% | -30.2% | 24.4pp | -6.0pp |
| EPS (Diluted) | $-0.12 | $-0.18 | $-0.11 | 33.3% | -9.1% |
| Free Cash Flow | -$129.0K | -$327.0K | $333.0K | 60.6% | -138.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $245.0K |
| R&D Expenses | $372.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $742.0K |
| Other Expenses | -$50.0K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$819.0K |
| Interest Income | $0 |
| Interest Expense | $88.0K |
| Other Income/Expenses | $223.0K |
| INCOME BEFORE TAX | -$596.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$596.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$598.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$598.0K |
| D&A | $154.0K |
| EBIT | -$508.0K |
| EBITDA | -$354.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$598.0K |
| Depreciation & Amortization | $154.0K |
| Stock-Based Compensation | $113.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18.0K |
| Change in Working Capital | $234.0K |
| OPERATING CASH FLOW | -$79.0K |
| Capital Expenditure | -$50.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38.0K |
| NET CASH FROM INVESTING | -$12.0K |
| Net Debt Issuance | -$114.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$114.0K |
| FREE CASH FLOW | -$129.0K |
| Net Change in Cash | -$246.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $897.0K |
| Inventory | $4M |
| Other Current Assets | $225.0K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $100.0K |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $186.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $13M |
| Account Payables | $409.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $368.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $0 |
| Additional Paid-In Capital | $184M |
| Retained Earnings | -$187M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $704.0K |
| Minority Interest | $46.0K |
| TOTAL EQUITY | $750.0K |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $8M |
| Net Debt | $5M |
