| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $15M | $8M | -67.0% | -35.9% |
| Op. Income | -$30M | -$34M | -$25M | 9.9% | -22.1% |
| Gross Margin | -82.9% | -34.4% | 16.3% | -48.5pp | -99.2pp |
| Net Margin | -475.0% | -219.3% | -272.4% | -255.7pp | -202.5pp |
| EPS (Diluted) | $-0.12 | $-0.16 | $-0.10 | 25.0% | -20.0% |
| Free Cash Flow | -$26M | -$30M | -$29M | 13.0% | 10.4% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $9M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$30M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $2M |
| EBIT | -$30M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$7.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$706.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$706.0K |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $35M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $182M |
| PP&E (Net) | $39M |
| Goodwill | $8M |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $11.0K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $237M |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93.0K |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $342M |
| Retained Earnings | -$156M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $184M |
| Minority Interest | $0 |
| TOTAL EQUITY | $184M |
| TOTAL LIABILITIES & EQUITY | $237M |
| Total Debt | $2M |
| Net Debt | -$139M |
