| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $60M | $55M | 54.6% | 69.0% |
| Op. Income | -$43M | -$48M | -$46M | 10.0% | 6.4% |
| Gross Margin | 26.1% | 25.5% | 11.6% | 0.6pp | 14.5pp |
| Net Margin | -47.7% | -84.2% | -83.1% | 36.5pp | 35.4pp |
| EPS (Diluted) | $-0.09 | $-0.10 | $-0.10 | 9.7% | 5.7% |
| Free Cash Flow | -$22M | -$53M | -$38M | 58.6% | 42.8% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $24M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$43M |
| Interest Income | $0 |
| Interest Expense | $898.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $8M |
| EBIT | -$43M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $78.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $312M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$53M |
| NET CASH FROM FINANCING | $259M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $203M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $366M |
| Short-Term Investments | $127M |
| Net Receivables | $59M |
| Inventory | $100M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $726M |
| PP&E (Net) | $220M |
| Goodwill | $71M |
| Intangible Assets | $67M |
| Long-Term Investments | $69M |
| Tax Assets | $3M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $456M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $26M |
| Short-Term Debt | $11M |
| Deferred Revenue | $151M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $232M |
| Long-Term Debt | $397M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $530.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $471M |
| TOTAL LIABILITIES | $703M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$668M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $479M |
| Minority Interest | $0 |
| TOTAL EQUITY | $479M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $477M |
| Net Debt | $111M |
