| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408.5K | $524.6K | $476.9K | -22.1% | -14.3% |
| Op. Income | -$2M | -$1M | -$1M | -44.6% | -85.6% |
| Gross Margin | 37.7% | 32.4% | 46.6% | 5.3pp | -8.9pp |
| Net Margin | -464.6% | -358.5% | -212.9% | -106.1pp | -251.7pp |
| EPS (Diluted) | $-0.21 | $-0.23 | $-0.13 | 8.7% | -61.5% |
| Free Cash Flow | -$840.1K | -$767.4K | -$752.5K | -9.5% | -11.6% |
| Item | Amount |
|---|---|
| REVENUE | $408.5K |
| Cost of Revenue | $254.3K |
| GROSS PROFIT | $154.2K |
| R&D Expenses | $974.5K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $18 |
| Interest Expense | $8.6K |
| Other Income/Expenses | -$8.6K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $69.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $69.1K |
| Stock-Based Compensation | $423.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $192.9K |
| Change in Working Capital | $564.3K |
| OPERATING CASH FLOW | -$833.9K |
| Capital Expenditure | -$6.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$6.2K |
| NET CASH FROM INVESTING | -$6.2K |
| Net Debt Issuance | $294.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$840.1K |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $85.1K |
| Inventory | $168.5K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $9M |
| PP&E (Net) | $763.8K |
| Goodwill | $5M |
| Intangible Assets | $639.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $15M |
| Account Payables | $994.1K |
| Short-Term Debt | $153.4K |
| Deferred Revenue | $269.3K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $374.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $374.5K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $43M |
| Retained Earnings | -$30M |
| Treasury Stock | -$32.6K |
| Accum. Other Comp. Income | -$304 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $0 |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $15M |
| Total Debt | $527.9K |
| Net Debt | -$8M |
