| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $15M | $38M | 105.8% | -19.9% |
| Op. Income | $7M | -$8M | $17M | 188.5% | -57.2% |
| Gross Margin | 81.3% | 64.1% | 85.8% | 17.2pp | -4.5pp |
| Net Margin | 16.5% | -32.4% | 32.7% | 49.0pp | -16.1pp |
| EPS (Diluted) | $0.04 | $-0.04 | $0.10 | 198.5% | -60.0% |
| Free Cash Flow | $10M | $16M | $29M | -35.9% | -64.5% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $25M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $12M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $7M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $201.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $372.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $25M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $12M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $7M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $201.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $372.0K |
| EBIT | $10M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $372.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $310.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$642.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$642.0K |
| Net Debt Issuance | -$938.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $290M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $68M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $381M |
| Account Payables | $440.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $139M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $147M |
| TOTAL LIABILITIES | $169M |
| Common Stock | $1M |
| Additional Paid-In Capital | $499M |
| Retained Earnings | -$189M |
| Treasury Stock | -$100M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $212M |
| Minority Interest | $0 |
| TOTAL EQUITY | $212M |
| TOTAL LIABILITIES & EQUITY | $381M |
| Total Debt | $146M |
| Net Debt | -$100M |
