| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $5M | 15.9% | 26.1% |
| Op. Income | -$1M | -$3M | -$2M | 52.5% | 43.5% |
| Gross Margin | 7.0% | 6.6% | 3.1% | 0.4pp | 3.9pp |
| Net Margin | -28.8% | -60.2% | -44.9% | 31.4pp | 16.1pp |
| EPS (Diluted) | $-1.12 | $-1.89 | $-1.76 | 40.7% | 36.4% |
| Free Cash Flow | -$1M | — | -$3M | — | 54.2% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $461.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $276.5K |
| Operating Expenses | $2M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $659.2K |
| Other Income/Expenses | -$595.4K |
| 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 | $352.8K |
| EBIT | -$1M |
| EBITDA | -$887.2K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $352.8K |
| Stock-Based Compensation | $147.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $535.2K |
| Change in Working Capital | -$276.3K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$11.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11.7K |
| Net Debt Issuance | $973.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $973.4K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$178.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48.6K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $154.0K |
| Other Current Assets | $508.2K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $49.1K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $6M |
| Account Payables | $1M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $353.6K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $570.9K |
| TOTAL LIABILITIES | $9M |
| Common Stock | $496 |
| Additional Paid-In Capital | $44M |
| Retained Earnings | -$47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $8M |
| Net Debt | $8M |
