| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $6M | $5M | -11.5% | 11.4% |
| Op. Income | -$14M | -$12M | -$15M | -17.1% | 4.0% |
| Gross Margin | -27.1% | -2.7% | -35.6% | -24.4pp | 8.4pp |
| Net Margin | -237.4% | -176.3% | -275.8% | -61.1pp | 38.4pp |
| EPS (Diluted) | $-0.31 | $-0.26 | $-0.32 | -19.2% | 3.1% |
| Free Cash Flow | -$16M | -$10M | -$17M | -62.5% | 7.7% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $7M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $4M |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$14M |
| Interest Income | $983.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $954.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $706.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $806.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$102.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$585.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | -$10.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $168.0K |
| NET CASH FROM FINANCING | $158.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $57M |
| Net Receivables | $5M |
| Inventory | $20M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $968.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $128M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $272.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $428.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | -$442M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$78.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $106M |
| Minority Interest | $0 |
| TOTAL EQUITY | $106M |
| TOTAL LIABILITIES & EQUITY | $128M |
| Total Debt | $7M |
| Net Debt | -$15M |
