| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $189M | $181M | -12.8% | -9.0% |
| Op. Income | -$22M | -$3M | -$12M | -653.2% | -80.8% |
| Gross Margin | 29.3% | 34.8% | 33.4% | -5.5pp | -4.1pp |
| Net Margin | -11.3% | -0.9% | -5.4% | -10.4pp | -6.0pp |
| EPS (Diluted) | $-0.63 | $-0.06 | $-0.33 | -1019.0% | -90.9% |
| Free Cash Flow | $15M | $54M | $8M | -72.9% | 77.9% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $48M |
| R&D Expenses | $20M |
| Selling & Marketing | $31M |
| General & Administrative | $18M |
| SG&A Expenses | $49M |
| Other Expenses | $1M |
| Operating Expenses | $70M |
| Cost & Expenses | $186M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$148.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$21M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $84.0K |
| Other Non-Cash Items | $249.0K |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $117M |
| Net Receivables | $173M |
| Inventory | $211M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $704M |
| PP&E (Net) | $44M |
| Goodwill | $36M |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $3M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $801M |
| Account Payables | $38M |
| Short-Term Debt | $11M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $132M |
| TOTAL CURRENT LIABILITIES | $244M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $290M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $974M |
| Retained Earnings | -$463M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $21.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $511M |
| Minority Interest | $0 |
| TOTAL EQUITY | $511M |
| TOTAL LIABILITIES & EQUITY | $801M |
| Total Debt | $38M |
| Net Debt | -$135M |
