| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $60M | $65M | -16.2% | -22.4% |
| Op. Income | -$10M | -$6M | -$15M | -74.2% | 33.6% |
| Gross Margin | 38.5% | 28.2% | 14.0% | 10.3pp | 24.5pp |
| Net Margin | -15.2% | -5.5% | -20.3% | -9.8pp | 5.1pp |
| EPS (Diluted) | $-0.04 | $-0.02 | $-0.07 | -133.3% | 43.2% |
| Free Cash Flow | -$4M | $7M | -$10M | -158.7% | 58.4% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $19M |
| R&D Expenses | $8M |
| Selling & Marketing | $5M |
| General & Administrative | $17M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$10M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $45.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$956.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$922.0K |
| NET CASH FROM INVESTING | -$956.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $205M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $31M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $308M |
| PP&E (Net) | $3M |
| Goodwill | $117M |
| Intangible Assets | $32M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $178M |
| TOTAL ASSETS | $485M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $78M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $152M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $631M |
| Retained Earnings | -$298M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$210.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $333M |
| Minority Interest | $0 |
| TOTAL EQUITY | $333M |
| TOTAL LIABILITIES & EQUITY | $485M |
| Total Debt | $0 |
| Net Debt | -$205M |
