| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $104M | $67M | -57.8% | -34.7% |
| Op. Income | -$11M | $33M | $8M | -132.5% | -227.7% |
| Gross Margin | 7.3% | 48.1% | 34.4% | -40.7pp | -27.1pp |
| Net Margin | -14.0% | 54.3% | 10.8% | -68.3pp | -24.7pp |
| EPS (Diluted) | $-0.38 | $3.58 | $0.47 | -110.6% | -180.9% |
| Free Cash Flow | $4M | $17M | -$10M | -78.2% | 138.0% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $3M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $54M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $400.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $1M |
| EBIT | -$8M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $200.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $400.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $209M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $279M |
| Other Current Assets | $148M |
| TOTAL CURRENT ASSETS | $657M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $38M |
| Long-Term Investments | $14M |
| Tax Assets | $31M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $94M |
| TOTAL ASSETS | $750M |
| Account Payables | $37M |
| Short-Term Debt | $46M |
| Deferred Revenue | $283M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $455M |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $104M |
| TOTAL NON-CURRENT LIABILITIES | $261M |
| TOTAL LIABILITIES | $716M |
| Common Stock | $2M |
| Additional Paid-In Capital | $188M |
| Retained Earnings | -$156M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$400.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $750M |
| Total Debt | $170M |
| Net Debt | -$39M |
