| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $107M | $130M | 10.6% | -8.7% |
| Op. Income | -$14M | $5M | $17M | -362.0% | -178.3% |
| Gross Margin | 97.0% | 97.0% | 97.2% | 0.0pp | -0.1pp |
| Net Margin | -8.3% | 2.7% | 8.9% | -11.0pp | -17.2pp |
| EPS (Diluted) | $-0.14 | $0.04 | $0.18 | -442.9% | -180.0% |
| Free Cash Flow | -$8M | $17M | $4M | -149.4% | -304.6% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $115M |
| R&D Expenses | $0 |
| Selling & Marketing | $104M |
| General & Administrative | $10M |
| SG&A Expenses | $114M |
| Other Expenses | $15M |
| Operating Expenses | $129M |
| Cost & Expenses | $132M |
| OPERATING INCOME | -$14M |
| Interest Income | $1M |
| Interest Expense | $5.8K |
| Other Income/Expenses | $928.3K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $1M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$16.4K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$679.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$426.8K |
| NET CASH FROM FINANCING | -$426.8K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $67M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $218M |
| PP&E (Net) | $60M |
| Goodwill | $0 |
| Intangible Assets | $88M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $376M |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $174M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$872M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $797M |
| Other Equity | $143M |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $376M |
| Total Debt | $47M |
| Net Debt | -$93M |
