| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $87M | $80M | 0.6% | 8.7% |
| Op. Income | -$17M | -$15M | -$17M | -8.2% | 4.4% |
| Gross Margin | 20.9% | 17.8% | 17.5% | 3.2pp | 3.5pp |
| Net Margin | -30.3% | -26.9% | -23.7% | -3.4pp | -6.6pp |
| EPS (Diluted) | $-2.42 | $-2.14 | $-1.77 | -13.1% | -36.7% |
| Free Cash Flow | -$20M | -$6M | -$37M | -253.2% | 45.9% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $18M |
| R&D Expenses | $5M |
| Selling & Marketing | $19M |
| General & Administrative | $10M |
| SG&A Expenses | $28M |
| Other Expenses | $1M |
| Operating Expenses | $35M |
| Cost & Expenses | $104M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $12M |
| EBIT | -$12M |
| EBITDA | -$165.0K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $385.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$96.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $6M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $379M |
| Goodwill | $130M |
| Intangible Assets | $28M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $566M |
| TOTAL ASSETS | $780M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $151M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $208M |
| Long-Term Debt | $429M |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $116M |
| TOTAL NON-CURRENT LIABILITIES | $588M |
| TOTAL LIABILITIES | $796M |
| Common Stock | $35M |
| Additional Paid-In Capital | $15M |
| Retained Earnings | -$67M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $433.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$16M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$16M |
| TOTAL LIABILITIES & EQUITY | $780M |
| Total Debt | $453M |
| Net Debt | $387M |
