| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $64M | $61M | -36.9% | -33.6% |
| Op. Income | -$72M | -$59M | -$109M | -22.1% | 34.1% |
| Gross Margin | 50.8% | 42.2% | 50.4% | 8.5pp | 0.4pp |
| Net Margin | -171.7% | -326.2% | -171.9% | 154.4pp | 0.2pp |
| EPS (Diluted) | $-2.80 | $-8.59 | $-4.53 | 67.4% | 38.2% |
| Free Cash Flow | -$45M | -$19M | -$72M | -132.6% | 38.1% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $21M |
| R&D Expenses | $43M |
| Selling & Marketing | $2M |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$72M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $6M |
| EBIT | -$47M |
| EBITDA | -$41M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$44.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $148.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$938.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9.0K |
| NET CASH FROM FINANCING | $9.0K |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $15M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $228M |
| PP&E (Net) | $74M |
| Goodwill | $0 |
| Intangible Assets | $51M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $140M |
| TOTAL ASSETS | $368M |
| Account Payables | $11M |
| Short-Term Debt | $9M |
| Deferred Revenue | $68M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $72M |
| TOTAL LIABILITIES | $225M |
| Common Stock | $51.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $368M |
| Total Debt | $9M |
| Net Debt | -$162M |
