| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $14M | $11M | -21.8% | 5.3% |
| Op. Income | -$17M | -$12M | -$10M | -40.2% | -73.6% |
| Gross Margin | 86.4% | 87.3% | 84.2% | -1.0pp | 2.2pp |
| Net Margin | -168.0% | -49.8% | -87.4% | -118.3pp | -80.6pp |
| EPS (Diluted) | $-0.73 | $-0.28 | $-0.55 | -163.5% | -32.7% |
| Free Cash Flow | -$22M | -$11M | -$9M | -97.4% | -135.7% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $10M |
| R&D Expenses | $5M |
| Selling & Marketing | $13M |
| General & Administrative | $9M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $30.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $203.0K |
| EBIT | -$17M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $203.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$83.0K |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $631.0K |
| NET CASH FROM FINANCING | $631.0K |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $51M |
| Net Receivables | $9M |
| Inventory | $7M |
| Other Current Assets | $49.0K |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $542.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $11M |
| TOTAL ASSETS | $97M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33.0K |
| Other Current Liabilities | $646.0K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $349.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $65M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $353M |
| Retained Earnings | -$317M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | -$944.0K |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $97M |
| Total Debt | $45M |
| Net Debt | $28M |
