| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $173M | $124M | -33.0% | -6.3% |
| Op. Income | -$19M | -$8M | -$17M | -147.7% | -10.8% |
| Gross Margin | 21.0% | 27.0% | 21.0% | -6.0pp | 0.0pp |
| Net Margin | -16.9% | -11.9% | -9.7% | -5.1pp | -7.3pp |
| EPS (Diluted) | $-0.65 | $-0.69 | $-0.40 | 5.8% | -62.5% |
| Free Cash Flow | -$28M | $483.0K | -$20M | -5861.3% | -36.1% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | -$2M |
| General & Administrative | $45M |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$509.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$13.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $3M |
| EBIT | -$20M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $566.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $23.0K |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $153.0K |
| NET CASH FROM FINANCING | $153.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $48M |
| Net Receivables | $7M |
| Inventory | $79M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $245M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $247M |
| TOTAL ASSETS | $410M |
| Account Payables | $22M |
| Short-Term Debt | $56M |
| Deferred Revenue | $14M |
| Other Current Liabilities | -$43M |
| TOTAL CURRENT LIABILITIES | $113M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$170M |
| TOTAL NON-CURRENT LIABILITIES | $171M |
| TOTAL LIABILITIES | $284M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $173M |
| Retained Earnings | -$48M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $358.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $126M |
| Minority Interest | $0 |
| TOTAL EQUITY | $126M |
| TOTAL LIABILITIES & EQUITY | $410M |
| Total Debt | $226M |
| Net Debt | $206M |
