| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $113M | $127M | 7.7% | -4.6% |
| Op. Income | -$5M | $36M | -$7M | -113.4% | 32.4% |
| Gross Margin | 16.6% | 12.4% | 14.7% | 4.1pp | 1.9pp |
| Net Margin | -10.3% | -18.3% | -8.0% | 7.9pp | -2.3pp |
| EPS (Diluted) | $-0.26 | $-0.43 | $-0.23 | 39.5% | -13.0% |
| Free Cash Flow | -$5M | $1M | -$5M | -479.8% | 0.5% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $101M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $12M |
| Operating Expenses | $25M |
| Cost & Expenses | $126M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $506.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $13M |
| EBIT | -$9M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $846.0K |
| Deferred Income Tax | -$260.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $712.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $98.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $73M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $194M |
| PP&E (Net) | $222M |
| Goodwill | $0 |
| Intangible Assets | $55M |
| Long-Term Investments | $34M |
| Tax Assets | $734.0K |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $319M |
| TOTAL ASSETS | $513M |
| Account Payables | $51M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $152M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $302M |
| TOTAL LIABILITIES | $397M |
| Common Stock | $495.0K |
| Additional Paid-In Capital | $464M |
| Retained Earnings | -$308M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $116M |
| Minority Interest | $0 |
| TOTAL EQUITY | $116M |
| TOTAL LIABILITIES & EQUITY | $513M |
| Total Debt | $210M |
| Net Debt | $189M |
