| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $67M | $54M | 6.8% | 31.8% |
| Op. Income | -$47M | -$50M | -$45M | 6.3% | -5.3% |
| Gross Margin | 40.5% | 36.6% | 45.7% | 3.9pp | -5.2pp |
| Net Margin | -60.2% | -69.1% | -77.1% | 8.9pp | 17.0pp |
| EPS (Diluted) | $-0.75 | $-0.81 | $-0.74 | 7.4% | -1.4% |
| Free Cash Flow | -$24M | -$23M | -$66M | -6.0% | 62.9% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $29M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | -$31.0K |
| Operating Expenses | $76M |
| Cost & Expenses | $118M |
| OPERATING INCOME | -$47M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $120.0K |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $8M |
| EBIT | -$43M |
| EBITDA | -$35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $312.0K |
| Change in Working Capital | $532.0K |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $951.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $45M |
| Net Receivables | $37M |
| Inventory | $31M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $390M |
| PP&E (Net) | $195M |
| Goodwill | $86M |
| Intangible Assets | $53M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $343M |
| TOTAL ASSETS | $733M |
| Account Payables | $9M |
| Short-Term Debt | $15M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $475.0K |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$565.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $590M |
| Minority Interest | $0 |
| TOTAL EQUITY | $590M |
| TOTAL LIABILITIES & EQUITY | $733M |
| Total Debt | $92M |
| Net Debt | -$174M |
