| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $42M | $38M | -22.1% | -13.9% |
| Op. Income | -$35M | -$27M | -$22M | -27.6% | -58.2% |
| Gross Margin | 53.5% | 55.9% | 60.1% | -2.4pp | -6.6pp |
| Net Margin | -86.9% | -47.2% | -43.0% | -39.8pp | -43.9pp |
| EPS (Diluted) | $-1.26 | $-0.89 | $-0.76 | -41.6% | -65.8% |
| Free Cash Flow | -$1M | $14M | $10M | -109.4% | -113.4% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $18M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $3M |
| Operating Expenses | $53M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$35M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $13.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $6M |
| EBIT | -$32M |
| EBITDA | -$26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$294M |
| Sales/Maturities of Investments | $389M |
| Other Investing Activities | -$121.0K |
| NET CASH FROM INVESTING | $91M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $421M |
| Net Receivables | $17M |
| Inventory | $74M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $618M |
| PP&E (Net) | $61M |
| Goodwill | $87M |
| Intangible Assets | $175M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $324M |
| TOTAL ASSETS | $943M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $96M |
| TOTAL CURRENT LIABILITIES | $119M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $246M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $813M |
| Retained Earnings | -$117M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $696M |
| Minority Interest | $0 |
| TOTAL EQUITY | $696M |
| TOTAL LIABILITIES & EQUITY | $943M |
| Total Debt | $7M |
| Net Debt | -$89M |
