| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $4M | $3M | -44.6% | -14.6% |
| Op. Income | -$9M | -$12M | -$37M | 26.1% | 76.5% |
| Gross Margin | 53.7% | 39.9% | 28.0% | 13.8pp | 25.7pp |
| Net Margin | -386.6% | -615.4% | -1543.5% | 228.8pp | 1156.9pp |
| EPS (Diluted) | $-0.82 | $-1.18 | $-4.81 | 30.5% | 82.9% |
| Free Cash Flow | -$6M | -$10M | -$35M | 38.0% | 82.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $990.3K |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $165.0K |
| Other Income/Expenses | $452.6K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$72.4K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $72.1K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $72.1K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$81.3K |
| Other Non-Cash Items | -$352.9K |
| Change in Working Capital | -$789.3K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$133.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $6M |
| Goodwill | $7M |
| Intangible Assets | $0 |
| Long-Term Investments | $538.5K |
| Tax Assets | $13M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $81M |
| Account Payables | $11M |
| Short-Term Debt | $825.2K |
| Deferred Revenue | $392.0K |
| Other Current Liabilities | $100.0K |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $1M |
| Additional Paid-In Capital | $324M |
| Retained Earnings | -$265M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$581.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $52M |
| Minority Interest | $0 |
| TOTAL EQUITY | $52M |
| TOTAL LIABILITIES & EQUITY | $81M |
| Total Debt | $14M |
| Net Debt | -$26M |
