| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $13M | $12M | 4.5% | 12.9% |
| Op. Income | -$1M | -$163.7K | -$1M | -743.3% | -14.7% |
| Gross Margin | 64.5% | 66.8% | 74.8% | -2.3pp | -10.3pp |
| Net Margin | -20.1% | 49.6% | -43.4% | -69.7pp | 23.2pp |
| EPS (Diluted) | $-0.11 | $0.26 | $-0.20 | -142.9% | 46.4% |
| Free Cash Flow | -$3M | -$2M | -$1M | -89.9% | -141.5% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $893.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$62.1K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$1M |
| EBITDA | $376.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $410.0K |
| Deferred Income Tax | -$62.1K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$514.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$596.3K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $783.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $783.4K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $20M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $87M |
| PP&E (Net) | $816.3K |
| Goodwill | $28M |
| Intangible Assets | $26M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $151M |
| Account Payables | $0 |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $27M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $677.4K |
| Other Non-Current Liabilities | $13.2K |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $285M |
| Additional Paid-In Capital | $26M |
| Retained Earnings | -$245M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $200.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $66M |
| Minority Interest | $0 |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $66M |
| Net Debt | $57M |
