| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $87M | $247M | 22.5% | -56.9% |
| Op. Income | -$59M | -$73M | $20M | 19.1% | -402.1% |
| Gross Margin | 51.8% | 57.7% | 62.3% | -6.0pp | -10.6pp |
| Net Margin | -53.1% | -80.4% | 5.7% | 27.2pp | -58.8pp |
| EPS (Diluted) | $-1.77 | $-2.19 | $0.41 | 19.2% | -531.7% |
| Free Cash Flow | -$74M | $15M | -$21M | -599.4% | -252.7% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $55M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $166M |
| OPERATING INCOME | -$59M |
| Interest Income | $3M |
| Interest Expense | $509.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$385.0K |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $13M |
| EBIT | -$56M |
| EBITDA | -$44M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $12M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $93M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | $81M |
| Net Debt Issuance | -$45M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $141M |
| Net Receivables | $33M |
| Inventory | $198M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $646M |
| PP&E (Net) | $142M |
| Goodwill | $376M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $126M |
| TOTAL NON-CURRENT ASSETS | $698M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $30M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$477.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $0 |
| Net Debt | -$191M |
