| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $58M | $41M | 13.3% | 63.1% |
| Op. Income | $17M | $8M | -$6M | 112.8% | 378.8% |
| Gross Margin | 71.9% | 69.1% | 60.1% | 2.8pp | 11.8pp |
| Net Margin | 16.0% | 2.4% | -24.1% | 13.6pp | 40.2pp |
| EPS (Diluted) | $0.03 | $0.00 | $-0.06 | 660.5% | 153.9% |
| Free Cash Flow | $4M | $16M | -$7M | -72.8% | 160.0% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $48M |
| R&D Expenses | $10M |
| Selling & Marketing | $12M |
| General & Administrative | $11M |
| SG&A Expenses | $22M |
| Other Expenses | -$1M |
| Operating Expenses | $31M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $17M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $264.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $2M |
| EBIT | $20M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $48M |
| R&D Expenses | $10M |
| Selling & Marketing | $12M |
| General & Administrative | $11M |
| SG&A Expenses | $22M |
| Other Expenses | -$1M |
| Operating Expenses | $31M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $17M |
| Interest Income | $3M |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $264.0K |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $2M |
| EBIT | $20M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $396.0K |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $165.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $193M |
| Short-Term Investments | $107M |
| Net Receivables | $20M |
| Inventory | $26M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $383M |
| PP&E (Net) | $84M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $481M |
| Account Payables | $7M |
| Short-Term Debt | $20M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $244M |
| Deferred Revenue NC | $68M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $295M |
| TOTAL NON-CURRENT LIABILITIES | $611M |
| TOTAL LIABILITIES | $711M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$230M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$230M |
| TOTAL LIABILITIES & EQUITY | $481M |
| Total Debt | $268M |
| Net Debt | $75M |
