| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $90M | — | -5.5% | — |
| Op. Income | -$620.0K | $5M | — | -112.6% | — |
| Gross Margin | 19.6% | 23.6% | — | -4.0pp | — |
| Net Margin | -2.4% | 5.2% | — | -7.6pp | — |
| EPS (Diluted) | $-0.07 | $0.15 | — | -144.1% | — |
| Free Cash Flow | -$5M | $414.0K | — | -1408.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $10M |
| Operating Expenses | $17M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$620.0K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$268.0K |
| 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 | $5M |
| EBIT | $4M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$384.0K |
| Other Non-Cash Items | $87.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$68.0K |
| Common Stock Repurchased | -$124.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$192.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $5M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $38M |
| PP&E (Net) | $235M |
| Goodwill | $0 |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $15M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $271M |
| TOTAL ASSETS | $309M |
| Account Payables | $16M |
| Short-Term Debt | $2M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $70M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $162.0K |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $243M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $60M |
| Retained Earnings | $27M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $68M |
| Minority Interest | -$2M |
| TOTAL EQUITY | $66M |
| TOTAL LIABILITIES & EQUITY | $309M |
| Total Debt | $194M |
| Net Debt | $178M |
