| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $27M | $6M | 14.1% | 456.1% |
| Op. Income | -$34M | -$109M | -$12M | 68.2% | -186.1% |
| Gross Margin | 0.5% | -2.9% | -25.4% | 3.4pp | 26.0pp |
| Net Margin | -120.7% | -413.6% | -373.6% | 292.9pp | 252.9pp |
| EPS (Diluted) | $-3.35 | $-10.20 | $-2.06 | 67.2% | -62.4% |
| Free Cash Flow | -$14M | -$15M | -$9M | 11.3% | -48.1% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $157.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $3M |
| General & Administrative | $25M |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$34M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | -$46.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $2M |
| EBIT | -$35M |
| EBITDA | -$33M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$46.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$743.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$28.0K |
| NET CASH FROM INVESTING | -$743.0K |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$440.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $109M |
| Account Payables | $21M |
| Short-Term Debt | $16M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $215M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $533M |
| Retained Earnings | -$640M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$106M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$106M |
| TOTAL LIABILITIES & EQUITY | $109M |
| Total Debt | $47M |
| Net Debt | $46M |
