| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $5M | $7M | -54.0% | -64.9% |
| Op. Income | -$3M | -$5M | -$4M | 28.0% | 11.5% |
| Gross Margin | 69.2% | 49.8% | 63.4% | 19.4pp | 5.8pp |
| Net Margin | -125.9% | -74.4% | -33.3% | -51.5pp | -92.6pp |
| EPS (Diluted) | $-1.02 | $-1.33 | $-0.81 | 23.5% | -25.9% |
| Free Cash Flow | -$810.6K | -$2M | -$4M | 50.7% | 78.8% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $727.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $635.6K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $21.9K |
| Operating Expenses | $5M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $32.3K |
| Other Income/Expenses | $495.3K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | $0 |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$810.1K |
| Capital Expenditure | -$511 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$511 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $527.0K |
| NET CASH FROM FINANCING | $527.0K |
| FREE CASH FLOW | -$810.6K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $731.9K |
| Short-Term Investments | $658.1K |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $701.5K |
| Goodwill | $7M |
| Intangible Assets | $0 |
| Long-Term Investments | $875.4K |
| Tax Assets | $0 |
| Other Non-Current Assets | $76.3K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $13M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $240.1K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $39.7K |
| Additional Paid-In Capital | $192M |
| Retained Earnings | -$186M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$834.8K |
| Minority Interest | $0 |
| TOTAL EQUITY | -$834.8K |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $5M |
| Net Debt | $4M |
