| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $39M | $32M | -12.3% | 7.8% |
| Op. Income | $5M | $9M | $3M | -43.4% | 57.8% |
| Gross Margin | 61.3% | -38.0% | 57.7% | 99.3pp | 3.6pp |
| Net Margin | -1.0% | 7.1% | 0.9% | -8.2pp | -1.9pp |
| EPS (Diluted) | $-0.01 | $0.04 | $0.00 | -112.4% | -223.3% |
| Free Cash Flow | $7M | $10M | -$16M | -36.1% | 141.4% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $6M |
| Operating Expenses | $16M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$747.1K |
| Income Tax Expense | -$294.0K |
| Net Income from Continuing Ops | -$453.2K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$346.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$346.7K |
| D&A | $6M |
| EBIT | $4M |
| EBITDA | $11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$453.2K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$446.8K |
| Other Non-Cash Items | $926.1K |
| Change in Working Capital | $871.1K |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $6M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $68M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $635M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $701M |
| TOTAL ASSETS | $768M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $324M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $469.6K |
| TOTAL NON-CURRENT LIABILITIES | $361M |
| TOTAL LIABILITIES | $414M |
| Common Stock | $6.5K |
| Additional Paid-In Capital | $342M |
| Retained Earnings | $15M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $353M |
| Minority Interest | $1M |
| TOTAL EQUITY | $354M |
| TOTAL LIABILITIES & EQUITY | $768M |
| Total Debt | $331M |
| Net Debt | $314M |
