| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $59M | — | -29.7% | — |
| Op. Income | -$22M | -$47M | — | 53.6% | — |
| Gross Margin | 14.6% | 23.2% | — | -8.7pp | — |
| Net Margin | -49.4% | 235.9% | — | -285.4pp | — |
| EPS (Diluted) | $-0.41 | $2.89 | — | -114.2% | — |
| Free Cash Flow | -$641.0K | $9M | — | -107.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $6M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $24M |
| Operating Expenses | $28M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $870.0K |
| Other Income/Expenses | -$958.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $7M |
| EBIT | -$5M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $464.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$149.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.0K |
| NET CASH FROM FINANCING | -$142.0K |
| FREE CASH FLOW | -$641.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $2M |
| Net Receivables | $5M |
| Inventory | $20M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $52M |
| PP&E (Net) | $167M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $403M |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $587M |
| TOTAL ASSETS | $639M |
| Account Payables | $25M |
| Short-Term Debt | $3M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $38M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $156M |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $483M |
| Minority Interest | $0 |
| TOTAL EQUITY | $483M |
| TOTAL LIABILITIES & EQUITY | $639M |
| Total Debt | $42M |
| Net Debt | $20M |
