| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $33M | $43M | 17.2% | -11.0% |
| Op. Income | $1M | $371.0K | -$1M | 258.8% | 229.3% |
| Gross Margin | 26.3% | 29.1% | 22.1% | -2.8pp | 4.2pp |
| Net Margin | -5.8% | -15.7% | -5.9% | 9.9pp | 0.1pp |
| EPS (Diluted) | $-0.07 | $-0.29 | $-0.08 | 74.8% | 11.9% |
| Free Cash Flow | -$4M | — | -$5M | — | 25.6% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $10M |
| R&D Expenses | $0 |
| Selling & Marketing | $7M |
| General & Administrative | -$423.0K |
| SG&A Expenses | $7M |
| Other Expenses | $2M |
| Operating Expenses | $9M |
| Cost & Expenses | $37M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$398.0K |
| Income Tax Expense | $460.0K |
| Net Income from Continuing Ops | -$858.0K |
| Net Income from Discontinued Ops | -$1M |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $957.0K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $957.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $44.0K |
| Other Non-Cash Items | $939.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$385.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$385.0K |
| Net Debt Issuance | $678.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $678.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $5M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $20M |
| Goodwill | $22M |
| Intangible Assets | $1M |
| Long-Term Investments | $1M |
| Tax Assets | $7M |
| Other Non-Current Assets | -$198.0K |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $99M |
| Account Payables | $16M |
| Short-Term Debt | $5M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$691.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$14M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$14M |
| TOTAL LIABILITIES & EQUITY | $99M |
| Total Debt | $26M |
| Net Debt | $23M |
