| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $415.0K | $295.0K | $233.0K | 40.7% | 78.1% |
| Op. Income | -$2M | -$2M | -$2M | -6.2% | 9.9% |
| Gross Margin | 32.5% | 43.7% | 39.5% | -11.2pp | -7.0pp |
| Net Margin | -441.4% | -587.5% | -874.2% | 146.0pp | 432.8pp |
| EPS (Diluted) | $-3.56 | $-3.37 | $-158.88 | -5.6% | 97.8% |
| Free Cash Flow | -$2M | -$2M | -$2M | 10.9% | 9.2% |
| Item | Amount |
|---|---|
| REVENUE | $415.0K |
| Cost of Revenue | $280.0K |
| GROSS PROFIT | $135.0K |
| R&D Expenses | $370.0K |
| Selling & Marketing | $73.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$2M |
| Interest Income | $15.0K |
| Interest Expense | $4.0K |
| Other Income/Expenses | $11.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $37.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $37.0K |
| Stock-Based Compensation | $85.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$119.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | -$8.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6.0K |
| NET CASH FROM FINANCING | -$2.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $161.0K |
| Inventory | $874.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $507.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22.0K |
| TOTAL NON-CURRENT ASSETS | $529.0K |
| TOTAL ASSETS | $5M |
| Account Payables | $116.0K |
| Short-Term Debt | $34.0K |
| Deferred Revenue | $15.0K |
| Other Current Liabilities | $106.0K |
| TOTAL CURRENT LIABILITIES | $715.0K |
| Long-Term Debt | $147.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $147.0K |
| TOTAL LIABILITIES | $862.0K |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $136M |
| Retained Earnings | -$132M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $340.0K |
| Net Debt | -$3M |
