| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $29M | $34M | 12.4% | -2.4% |
| Op. Income | -$2M | -$3M | -$544.0K | 27.3% | -237.5% |
| Gross Margin | 6.8% | 4.8% | 9.2% | 2.0pp | -2.4pp |
| Net Margin | -6.0% | -6.4% | -2.0% | 0.4pp | -3.9pp |
| EPS (Diluted) | $-0.33 | $-0.32 | $-0.12 | -3.1% | -175.0% |
| Free Cash Flow | -$4M | -$4M | $3M | 0.2% | -216.3% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$2M |
| Interest Income | $33.0K |
| Interest Expense | $178.0K |
| Other Income/Expenses | -$577.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$431.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $276.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$301.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$301.0K |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$8.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $26M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $94M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $161M |
| Account Payables | $10M |
| Short-Term Debt | $6M |
| Deferred Revenue | $636.0K |
| Other Current Liabilities | $543.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $884.0K |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $81M |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $71M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$718.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $161M |
| Total Debt | $63M |
| Net Debt | $53M |
