| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $214M | $202M | -6.8% | -1.3% |
| Op. Income | -$6M | -$9M | -$8M | 28.0% | 17.6% |
| Gross Margin | 24.4% | 23.6% | 23.2% | 0.9pp | 1.2pp |
| Net Margin | -8.6% | -10.8% | -12.2% | 2.2pp | 3.6pp |
| EPS (Diluted) | $-3.89 | $-5.25 | $-5.69 | 25.9% | 31.6% |
| Free Cash Flow | -$1M | $8M | -$20M | -114.0% | 94.5% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $55M |
| Operating Expenses | $55M |
| Cost & Expenses | $206M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $73.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $10M |
| EBIT | -$6M |
| EBITDA | $3M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $665.0K |
| Deferred Income Tax | -$626.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $214M |
| Inventory | $39M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $298M |
| PP&E (Net) | $163M |
| Goodwill | $0 |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $237M |
| TOTAL ASSETS | $535M |
| Account Payables | $35M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $171M |
| Long-Term Debt | $300M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $338M |
| TOTAL LIABILITIES | $509M |
| Common Stock | $1M |
| Additional Paid-In Capital | $459M |
| Retained Earnings | -$395M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$40M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $535M |
| Total Debt | $350M |
| Net Debt | $326M |
