| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $144M | $127M | -17.6% | -6.7% |
| Op. Income | -$3M | $347.0K | -$2M | -1027.1% | -105.3% |
| Gross Margin | 1.5% | 5.1% | 3.8% | -3.5pp | -2.3pp |
| Net Margin | -3.2% | 0.7% | -0.6% | -3.9pp | -2.7pp |
| EPS (Diluted) | $-0.09 | $0.02 | $-0.01 | -584.6% | -563.2% |
| Free Cash Flow | -$3M | -$5M | -$2M | 43.3% | -77.1% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $2M |
| R&D Expenses | $360.8K |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$513.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$3M |
| Interest Income | $149.3K |
| Interest Expense | $0 |
| Other Income/Expenses | -$372.4K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$191.6K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $881.1K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $881.1K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$352.0K |
| Change in Working Capital | $277.9K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$25.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $836.9K |
| NET CASH FROM INVESTING | $811.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$410.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $9M |
| Net Receivables | $65M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $3M |
| Goodwill | $10M |
| Intangible Assets | $10M |
| Long-Term Investments | $206.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $143M |
| Account Payables | $36M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $898.2K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $6.7K |
| Additional Paid-In Capital | $278M |
| Retained Earnings | -$209M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$90.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $746.5K |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $143M |
| Total Debt | $17M |
| Net Debt | $11M |
