| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $127M | $24M | -66.1% | 78.7% |
| Op. Income | -$15M | -$12M | -$36M | -21.5% | 58.7% |
| Gross Margin | 90.0% | 36.0% | 80.5% | 54.0pp | 9.5pp |
| Net Margin | -43.7% | -7.3% | -74.0% | -36.4pp | 30.3pp |
| EPS (Diluted) | $-0.79 | $-0.39 | $-0.76 | -102.6% | -3.9% |
| Free Cash Flow | -$55M | $38M | $1M | -245.3% | -5477.9% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$15M |
| Interest Income | $453.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $794.0K |
| EBIT | -$27M |
| EBITDA | -$26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $794.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$391.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | -$537.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $68M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $200M |
| PP&E (Net) | $744M |
| Goodwill | $227M |
| Intangible Assets | $104M |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $12M |
| Short-Term Debt | $81M |
| Deferred Revenue | $300M |
| Other Current Liabilities | $91M |
| TOTAL CURRENT LIABILITIES | $554M |
| Long-Term Debt | $370M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $249.0K |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$193M |
| Treasury Stock | -$173M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$359M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$359M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
