| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $70M | $61M | 5.4% | 21.0% |
| Op. Income | -$10M | -$23M | -$10M | 55.0% | -3.4% |
| Gross Margin | 18.9% | 19.0% | 21.7% | -0.1pp | -2.7pp |
| Net Margin | -10.9% | -27.2% | -14.5% | 16.3pp | 3.6pp |
| EPS (Diluted) | $-0.10 | $-0.24 | $-0.11 | 58.5% | 11.7% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $14M |
| R&D Expenses | $4M |
| Selling & Marketing | $15M |
| General & Administrative | $4M |
| SG&A Expenses | $20M |
| Other Expenses | -$549 |
| Operating Expenses | $24M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$10M |
| Interest Income | $1M |
| Interest Expense | $141.2K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$911.3K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $0 |
| EBIT | -$9M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $922.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $11M |
| Net Receivables | $13M |
| Inventory | $70M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $181.3K |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $930.5K |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $347M |
| Account Payables | $88M |
| Short-Term Debt | $66M |
| Deferred Revenue | $14M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $194M |
| Common Stock | $14.7K |
| Additional Paid-In Capital | $288M |
| Retained Earnings | -$134M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $153M |
| Minority Interest | $0 |
| TOTAL EQUITY | $153M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $66M |
| Net Debt | -$66M |
