| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $44M | $24M | 2.2% | 82.5% |
| Op. Income | -$28M | -$30M | -$28M | 6.5% | 2.6% |
| Gross Margin | 56.2% | 48.8% | 51.2% | 7.4pp | 5.0pp |
| Net Margin | -58.3% | -63.1% | -116.7% | 4.8pp | 58.4pp |
| EPS (Diluted) | $-0.51 | $-0.54 | $-0.63 | 5.6% | 19.0% |
| Free Cash Flow | -$34M | -$34M | -$41M | -2.2% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $25M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$28M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $1M |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$68.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $226M |
| Short-Term Investments | $0 |
| Net Receivables | $56M |
| Inventory | $42M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $329M |
| PP&E (Net) | $48M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $383M |
| Account Payables | $10M |
| Short-Term Debt | $2M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $517.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $119M |
| Common Stock | $0 |
| Additional Paid-In Capital | $744M |
| Retained Earnings | -$481M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $113.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $264M |
| Minority Interest | $0 |
| TOTAL EQUITY | $264M |
| TOTAL LIABILITIES & EQUITY | $383M |
| Total Debt | $81M |
| Net Debt | -$144M |
