| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $51M | $57M | -14.5% | -23.8% |
| Op. Income | -$9M | -$16M | -$22M | 41.1% | 57.0% |
| Gross Margin | 14.6% | 22.7% | 21.2% | -8.0pp | -6.6pp |
| Net Margin | -35.5% | -11.9% | -37.7% | -23.6pp | 2.2pp |
| EPS (Diluted) | $-0.40 | $-0.16 | $-0.49 | -150.0% | 18.4% |
| Free Cash Flow | -$5M | -$8M | $8M | 37.6% | -161.3% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $6M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $185.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $4M |
| EBIT | -$12M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $900.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$728.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$740.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$121.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $0 |
| Net Receivables | $35M |
| Inventory | $31M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $258M |
| PP&E (Net) | $97M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $48M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $168M |
| TOTAL ASSETS | $426M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $104M |
| Common Stock | $569.0K |
| Additional Paid-In Capital | $274M |
| Retained Earnings | $283M |
| Treasury Stock | -$218M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $322M |
| Minority Interest | $0 |
| TOTAL EQUITY | $322M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $34M |
| Net Debt | -$137M |
