| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $40M | $45M | $50M | -11.0% | -19.1% |
| Op. Income | -$8M | -$24M | -$10M | 64.9% | 19.0% |
| Gross Margin | 23.3% | 22.6% | 18.7% | 0.7pp | 4.6pp |
| Net Margin | -32.5% | 283.6% | -35.8% | -316.0pp | 3.3pp |
| EPS (Diluted) | $-0.97 | $11.95 | $-1.42 | -108.1% | 31.7% |
| Free Cash Flow | -$11M | -$53M | -$1M | 79.1% | -930.6% |
| Item | Amount |
|---|---|
| REVENUE | $40M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $9M |
| R&D Expenses | $4M |
| Selling & Marketing | $2M |
| General & Administrative | $6M |
| SG&A Expenses | $8M |
| Other Expenses | $5M |
| Operating Expenses | $18M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$8M |
| Interest Income | $363.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $718.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$566.0K |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $7M |
| Net Receivables | $26M |
| Inventory | $359.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $886.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $83M |
| Account Payables | $4M |
| Short-Term Debt | $52M |
| Deferred Revenue | $382.0K |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $165M |
| Retained Earnings | -$168M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$418.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $83M |
| Total Debt | $55M |
| Net Debt | $21M |
