| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $41M | $96M | 18.2% | -49.1% |
| Op. Income | -$27M | -$34M | $33M | 19.8% | -181.8% |
| Gross Margin | -10.9% | -2.4% | 66.2% | -8.4pp | -77.1pp |
| Net Margin | 33.9% | -39.5% | 39.1% | 73.3pp | -5.3pp |
| EPS (Diluted) | $-0.08 | $-0.09 | $0.19 | 11.9% | -142.4% |
| Free Cash Flow | -$93M | -$87M | -$19M | -7.2% | -390.0% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $54M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $409.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $76M |
| OPERATING INCOME | -$27M |
| Interest Income | $13M |
| Interest Expense | $3M |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $32M |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $19M |
| EBIT | -$27M |
| EBITDA | -$8M |
| EPS | $0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$391M |
| Sales/Maturities of Investments | $483M |
| Other Investing Activities | $96.0K |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $318M |
| Common Stock Repurchased | -$201M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$84M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | -$93M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $650M |
| Net Receivables | $41M |
| Inventory | $109M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.2B |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $10M |
| Tax Assets | $122M |
| Other Non-Current Assets | -$99M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $26M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $936M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $122M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $938M |
| Retained Earnings | $402M |
| Treasury Stock | -$203M |
| Accum. Other Comp. Income | -$130.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $944M |
| Net Debt | $646M |
