| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $10M | $7M | -16.6% | 9.6% |
| Op. Income | -$1M | -$802.4K | -$1M | -55.9% | -1.2% |
| Gross Margin | 28.9% | 31.8% | 30.3% | -2.9pp | -1.5pp |
| Net Margin | -16.6% | -8.4% | -18.7% | -8.3pp | 2.1pp |
| EPS (Diluted) | $-0.04 | $-0.02 | $-0.05 | -100.0% | 20.0% |
| Free Cash Flow | $185.0K | -$3M | -$658.7K | 107.0% | 128.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $639.9K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $4M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $57.6K |
| Other Income/Expenses | -$52.2K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $39.5K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $813.6K |
| EBIT | -$1M |
| EBITDA | -$354.1K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $813.6K |
| Stock-Based Compensation | $240.1K |
| Deferred Income Tax | $3.0K |
| Other Non-Cash Items | $25.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$955.0K |
| Acquisitions (Net) | -$572.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $364.7K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$233.6K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19.7K |
| NET CASH FROM FINANCING | -$213.9K |
| FREE CASH FLOW | $185.0K |
| Net Change in Cash | -$284.5K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $23M |
| Goodwill | $9M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $140.0K |
| Other Non-Current Assets | $67.8K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $55M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $468.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $374.6K |
| Additional Paid-In Capital | $243M |
| Retained Earnings | -$209M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $481.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $55M |
| Total Debt | $13M |
| Net Debt | $8M |
