| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $75M | $91M | 3.1% | -15.1% |
| Op. Income | -$6M | -$8M | -$6M | 21.0% | -4.8% |
| Gross Margin | 42.3% | 39.1% | 41.7% | 3.1pp | 0.5pp |
| Net Margin | -7.4% | -9.6% | -6.2% | 2.2pp | -1.2pp |
| EPS (Diluted) | $-0.01 | $-0.01 | $-0.01 | 16.0% | -6.6% |
| Free Cash Flow | $6M | -$6M | $3M | 197.1% | 127.2% |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $18M |
| General & Administrative | $21M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $383.0K |
| Other Income/Expenses | -$157.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$579.0K |
| 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 | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$959.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$397.0K |
| NET CASH FROM INVESTING | -$959.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$262.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $41M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $33M |
| Goodwill | $35M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $161M |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38.0K |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $41.0K |
| Additional Paid-In Capital | $257M |
| Retained Earnings | -$199M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $58M |
| Minority Interest | $0 |
| TOTAL EQUITY | $58M |
| TOTAL LIABILITIES & EQUITY | $161M |
| Total Debt | $35M |
| Net Debt | $30M |
