| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $136M | $136M | $132M | 0.0% | 2.7% |
| Op. Income | -$85M | -$79M | -$66M | -7.5% | -29.1% |
| Gross Margin | 73.6% | 71.9% | 69.2% | 1.6pp | 4.4pp |
| Net Margin | -65.8% | -54.9% | -48.7% | -10.9pp | -17.1pp |
| EPS (Diluted) | $-0.51 | $-0.49 | $-0.38 | -3.8% | -33.9% |
| Free Cash Flow | -$23M | $27M | -$30M | -185.9% | 22.3% |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $100M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $138M |
| Other Expenses | $0 |
| Operating Expenses | $184M |
| Cost & Expenses | $220M |
| OPERATING INCOME | -$85M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$89M |
| D&A | $0 |
| EBIT | -$83M |
| EBITDA | -$83M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$89M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $428.0K |
| Deferred Income Tax | $387.0K |
| Other Non-Cash Items | $72M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $559.0K |
| NET CASH FROM FINANCING | $559.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | -$296M |
| Short-Term Investments | $592M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $296M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | -$296M |
| TOTAL NON-CURRENT ASSETS | -$296M |
| TOTAL ASSETS | $0 |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $0 |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$373M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$373M |
| TOTAL LIABILITIES & EQUITY | -$373M |
| Total Debt | $0 |
| Net Debt | $296M |
