| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $7M | $4M | -17.3% | 53.3% |
| Op. Income | -$1M | $1M | -$2M | -201.1% | 46.9% |
| Gross Margin | 72.6% | 66.4% | 66.6% | 6.2pp | 6.1pp |
| Net Margin | -78.3% | 260.7% | -346.5% | -339.0pp | 268.2pp |
| EPS (Diluted) | $-1.46 | $6.00 | $-8.53 | -124.3% | 82.9% |
| Free Cash Flow | $986.0K | -$1M | -$389.0K | 188.4% | 353.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $4M |
| R&D Expenses | $163.0K |
| Selling & Marketing | $1M |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $182.0K |
| Operating Expenses | $5M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $218.0K |
| EBIT | -$968.0K |
| EBITDA | -$750.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $218.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $149.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$114.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$114.0K |
| Net Debt Issuance | $42.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $42.0K |
| FREE CASH FLOW | $986.0K |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $975.0K |
| Goodwill | $7M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $23M |
| Account Payables | $5M |
| Short-Term Debt | $30M |
| Deferred Revenue | $107.0K |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $340.0K |
| Deferred Tax Liabilities | -$340.0K |
| Other Non-Current Liabilities | $340.0K |
| TOTAL NON-CURRENT LIABILITIES | $735.0K |
| TOTAL LIABILITIES | $71M |
| Common Stock | $1M |
| Additional Paid-In Capital | $176M |
| Retained Earnings | -$225M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$48M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$48M |
| TOTAL LIABILITIES & EQUITY | $23M |
| Total Debt | $31M |
| Net Debt | $28M |
