| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $87M | $87M | 1.8% | 1.1% |
| Op. Income | -$1M | -$7M | $2M | 83.0% | -161.4% |
| Gross Margin | 37.5% | 35.5% | 38.3% | 2.1pp | -0.8pp |
| Net Margin | -17.6% | -28.6% | -16.1% | 11.0pp | -1.5pp |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | NaN% | NaN% |
| Free Cash Flow | -$3M | -$3M | $1M | 16.5% | -293.1% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $28M |
| Operating Expenses | $34M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$1M |
| Interest Income | $72.0K |
| Interest Expense | $16M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $70.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $20M |
| EBIT | $903.0K |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $230.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$132.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $103M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.7B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $48M |
| Short-Term Debt | $360M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $417M |
| Long-Term Debt | $817M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $832M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $878M |
| Minority Interest | $6M |
| TOTAL EQUITY | $884M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
