Q1 2024 Earnings

Reported March 31, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q1 2024	Q4 2023	Q1 2023	QoQ Change	YoY Change
Revenue	$10M	$21M	—	-50.8%	—
Op. Income	-$55M	-$41M	—	-32.7%	—
Gross Margin	41.3%	52.9%	—	-11.7pp	—
Net Margin	-657.6%	-262.0%	—	-395.7pp	—
EPS (Diluted)	$-0.25	$-0.21	—	-23.4%	—

Income Statement

Item	Amount
REVENUE	$10M
Cost of Revenue	$6M
GROSS PROFIT	$4M
R&D Expenses	$41M
Selling & Marketing	$2M
General & Administrative	$17M
SG&A Expenses	$19M
Other Expenses	-$43.7K
Operating Expenses	$59M
Cost & Expenses	$65M
OPERATING INCOME	-$55M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	-$13M
INCOME BEFORE TAX	-$68M
Income Tax Expense	$116.6K
Net Income from Continuing Ops	-$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$68M
D&A	$0
EBIT	-$55M
EBITDA	-$55M
EPS	-$0
EPS Diluted	-$0