| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $4M | $3M | -11.7% | -4.7% |
| Op. Income | -$751.0K | -$580.0K | -$173.0K | -29.5% | -334.1% |
| Gross Margin | 32.8% | 32.6% | 48.4% | 0.1pp | -15.6pp |
| Net Margin | -23.7% | -12.7% | -5.8% | -11.1pp | -17.9pp |
| EPS (Diluted) | $-0.08 | $-0.05 | $-0.02 | -65.6% | -289.6% |
| Free Cash Flow | $204.0K | -$350.0K | -$630.0K | 158.3% | 132.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $347.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$751.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $32.0K |
| INCOME BEFORE TAX | -$719.0K |
| Income Tax Expense | $22.0K |
| Net Income from Continuing Ops | -$741.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$741.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$841.0K |
| D&A | $229.0K |
| EBIT | -$751.0K |
| EBITDA | -$522.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$741.0K |
| Depreciation & Amortization | $229.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$39.0K |
| Other Non-Cash Items | -$2.0K |
| Change in Working Capital | $775.0K |
| OPERATING CASH FLOW | $222.0K |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$100.0K |
| FREE CASH FLOW | $204.0K |
| Net Change in Cash | $63.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $368.0K |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $388.0K |
| Goodwill | $2M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $82.0K |
| Other Non-Current Assets | $79.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $14M |
| Account Payables | $965.0K |
| Short-Term Debt | $112.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $270.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $581.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $583.0K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | -$50M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $93.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $12M |
| Minority Interest | $0 |
| TOTAL EQUITY | $12M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $114.0K |
| Net Debt | -$4M |
