| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $5M | 53.6% | -44.0% |
| Op. Income | -$4M | -$8M | -$4M | 55.9% | 4.3% |
| Gross Margin | 46.4% | -147.2% | 38.3% | 193.6pp | 8.1pp |
| Net Margin | -72.1% | -487.6% | -62.5% | 415.5pp | -9.6pp |
| EPS (Diluted) | $-1.07 | $-12.48 | $-5.54 | 91.4% | 80.7% |
| Free Cash Flow | -$3M | $936.0K | -$1M | -372.4% | -70.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| 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 | $992.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $992.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$30.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $852.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $3M |
| Other Current Assets | $758.0K |
| TOTAL CURRENT ASSETS | $7M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $121.0K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $12M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $158.0K |
| TOTAL NON-CURRENT LIABILITIES | $435.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $175M |
| Retained Earnings | -$168M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $12M |
| Total Debt | $605.0K |
| Net Debt | -$2M |
