| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $104M | $69M | 13.6% | 70.5% |
| Op. Income | $4M | $369.0K | $5M | 859.6% | -22.5% |
| Gross Margin | 30.9% | 28.8% | 31.8% | 2.1pp | -0.9pp |
| Net Margin | -0.6% | -4.4% | 2.7% | 3.8pp | -3.3pp |
| EPS (Diluted) | $-0.22 | $-1.44 | $0.60 | 84.7% | -136.7% |
| Free Cash Flow | $6M | -$7M | $5M | 195.4% | 25.0% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$906.0K |
| Income Tax Expense | -$224.0K |
| Net Income from Continuing Ops | -$682.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$682.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$682.0K |
| D&A | $5M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$682.0K |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $50.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$107.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $42M |
| Inventory | $132M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $185M |
| PP&E (Net) | $145M |
| Goodwill | $77M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $252M |
| TOTAL ASSETS | $437M |
| Account Payables | $25M |
| Short-Term Debt | $25M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $125M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $234M |
| TOTAL LIABILITIES | $337M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $69M |
| Retained Earnings | $38M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | $7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $99M |
| Minority Interest | $0 |
| TOTAL EQUITY | $99M |
| TOTAL LIABILITIES & EQUITY | $437M |
| Total Debt | $255M |
| Net Debt | $249M |
