| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $19M | $37M | -23.4% | -61.4% |
| Op. Income | -$3M | -$38M | $4M | 90.8% | -185.5% |
| Gross Margin | 28.1% | -24.0% | 31.7% | 52.1pp | -3.6pp |
| Net Margin | -23.9% | -186.4% | 9.5% | 162.5pp | -33.4pp |
| EPS (Diluted) | $-0.55 | $-5.20 | $0.52 | 89.4% | -205.8% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $4M |
| R&D Expenses | $5M |
| Selling & Marketing | $2M |
| General & Administrative | $1M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$3M |
| Interest Income | $399.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $399.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $368.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $517.5K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $5M |
| Net Receivables | $17M |
| Inventory | $46M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $129M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $15M |
| Tax Assets | $2M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $159M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $130.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $71M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $118M |
| Treasury Stock | -$48M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $5M |
| Net Debt | -$56M |
