| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $437.0K | -18.7% | 241.0% |
| Op. Income | -$7M | -$20M | -$10M | 64.9% | 31.1% |
| Gross Margin | 99.9% | 98.6% | 87.6% | 1.2pp | 12.2pp |
| Net Margin | -576.8% | -1097.1% | -2245.5% | 520.2pp | 1668.7pp |
| EPS (Diluted) | $-0.86 | $-1.87 | $-1.55 | 54.0% | 44.5% |
| Free Cash Flow | -$6M | -$4M | -$5M | -40.6% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $2.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $33.0K |
| Selling & Marketing | -$2.0K |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $604.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$13.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $413.0K |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $147M |
| PP&E (Net) | $404.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $72M |
| Tax Assets | $0 |
| Other Non-Current Assets | $533.0K |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $219M |
| Account Payables | $2M |
| Short-Term Debt | $6M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $87.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $219M |
| Total Debt | $121M |
| Net Debt | -$15M |
