| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $100M | $51M | -43.9% | 8.6% |
| Op. Income | -$6M | $8M | -$6M | -168.3% | 12.0% |
| Gross Margin | 31.8% | 32.0% | 27.5% | -0.1pp | 4.4pp |
| Net Margin | 0.3% | 8.6% | -13.0% | -8.3pp | 13.3pp |
| EPS (Diluted) | $0.01 | $0.50 | $-0.40 | -98.4% | 102.0% |
| Free Cash Flow | $27M | $19M | $28M | 40.6% | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $18M |
| R&D Expenses | $4M |
| Selling & Marketing | $9M |
| General & Administrative | $6M |
| SG&A Expenses | $15M |
| Other Expenses | $5M |
| Operating Expenses | $23M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $150.0K |
| Other Income/Expenses | -$520.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | $155.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $155.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $155.0K |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $155.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$731.0K |
| Acquisitions (Net) | -$75M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$910.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $43M |
| Inventory | $70M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $141M |
| PP&E (Net) | $6M |
| Goodwill | $53M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $118M |
| TOTAL ASSETS | $258M |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $46M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $21.0K |
| Additional Paid-In Capital | $261M |
| Retained Earnings | -$134M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $125M |
| Minority Interest | $0 |
| TOTAL EQUITY | $125M |
| TOTAL LIABILITIES & EQUITY | $258M |
| Total Debt | $46M |
| Net Debt | $28M |
