| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $12M | $7M | -26.4% | 28.4% |
| Op. Income | -$62.2K | $739.3K | -$838.1K | -108.4% | 92.6% |
| Gross Margin | 22.9% | 20.3% | 27.5% | 2.6pp | -4.6pp |
| Net Margin | 3.3% | 4.5% | -12.7% | -1.3pp | 16.0pp |
| EPS (Diluted) | $0.06 | $0.37 | $-0.55 | -82.6% | 111.7% |
| Free Cash Flow | -$2M | -$1M | -$617.3K | -43.8% | -168.0% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $2M |
| R&D Expenses | $612.1K |
| Selling & Marketing | $129.5K |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$62.2K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $359.2K |
| INCOME BEFORE TAX | $297.0K |
| Income Tax Expense | $2.7K |
| Net Income from Continuing Ops | $294.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $294.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $294.4K |
| D&A | $598.1K |
| EBIT | -$62.2K |
| EBITDA | $535.9K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $294.4K |
| Depreciation & Amortization | $646.5K |
| Stock-Based Compensation | $68.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$388.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$388.4K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$410.3K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $480.3K |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $3M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $139.1K |
| Tax Assets | $0 |
| Other Non-Current Assets | $359.5K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $34M |
| Account Payables | $2M |
| Short-Term Debt | $10M |
| Deferred Revenue | $4M |
| Other Current Liabilities | -$1M |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $18M |
| Common Stock | $168M |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$198M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $16M |
| Minority Interest | $0 |
| TOTAL EQUITY | $16M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $10M |
| Net Debt | $9M |
