| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $57M | $43M | 8.7% | 44.7% |
| Op. Income | -$14M | -$26M | -$60M | 46.7% | 77.4% |
| Gross Margin | 59.9% | 53.6% | 35.3% | 6.4pp | 24.6pp |
| Net Margin | -32.4% | -44.9% | -141.4% | 12.5pp | 109.0pp |
| EPS (Diluted) | $-0.78 | $-0.99 | $-3.04 | 21.2% | 74.3% |
| Free Cash Flow | -$17M | -$32M | -$56M | 47.7% | 69.9% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $37M |
| R&D Expenses | $12M |
| Selling & Marketing | $16M |
| General & Administrative | $23M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $76M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $597.0K |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$82.0K |
| 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 | $5M |
| EBIT | -$20M |
| EBITDA | -$14M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | -$451.0K |
| Deferred Income Tax | -$82.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$443.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $843.0K |
| Net Debt Issuance | -$462.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$438.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $29M |
| Net Receivables | $29M |
| Inventory | $12M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $169M |
| Long-Term Investments | $987.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $231M |
| TOTAL ASSETS | $395M |
| Account Payables | $9M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $137M |
| TOTAL LIABILITIES | $187M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $291.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $207M |
| Minority Interest | $0 |
| TOTAL EQUITY | $207M |
| TOTAL LIABILITIES & EQUITY | $395M |
| Total Debt | $123M |
| Net Debt | $40M |
