| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $166M | $97M | -44.7% | -5.3% |
| Op. Income | -$8M | $11M | -$10M | -170.4% | 27.4% |
| Gross Margin | 29.5% | 32.0% | 26.7% | -2.5pp | 2.8pp |
| Net Margin | -9.6% | 6.1% | -12.5% | -15.7pp | 2.9pp |
| EPS (Diluted) | $-0.68 | $0.78 | $-0.95 | -187.2% | 28.4% |
| Free Cash Flow | -$14M | $27M | -$16M | -153.9% | 7.7% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $27M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $15M |
| Operating Expenses | $35M |
| Cost & Expenses | $99M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $311.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $3M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $292.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $136.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$770.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$764.0K |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$450.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $31.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $76M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $149M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $156M |
| TOTAL ASSETS | $243M |
| Account Payables | $40M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $102M |
| Long-Term Debt | $48M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $146M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $177M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$182M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $243M |
| Total Debt | $181M |
| Net Debt | $177M |
