| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | — | $28M | — | 12.6% |
| Op. Income | -$15M | — | -$9M | — | -60.9% |
| Gross Margin | 57.5% | — | 59.2% | — | -1.7pp |
| Net Margin | -35.1% | — | -21.6% | — | -13.5pp |
| EPS (Diluted) | $-0.26 | — | $-0.16 | — | -62.5% |
| Free Cash Flow | -$21M | — | -$10M | — | -114.5% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $18M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | -$274.0K |
| Operating Expenses | $33M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$15M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $180.0K |
| NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$506.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$109M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $599.0K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$129M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $257M |
| Net Receivables | $29M |
| Inventory | $26M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $412M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $933.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $70M |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $789M |
| Retained Earnings | -$445M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $341M |
| Minority Interest | $0 |
| TOTAL EQUITY | $341M |
| TOTAL LIABILITIES & EQUITY | $412M |
| Total Debt | $40M |
| Net Debt | -$5M |
