| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | — | $146M | — | -3.2% |
| Op. Income | -$33M | — | -$32M | — | -3.8% |
| Gross Margin | 56.6% | — | 51.5% | — | 5.0pp |
| Net Margin | -17.2% | — | -18.2% | — | 1.1pp |
| EPS (Diluted) | $-0.26 | — | $-0.26 | — | 0.6% |
| Free Cash Flow | $0 | — | $8M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $80M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $113M |
| Cost & Expenses | $174M |
| OPERATING INCOME | -$33M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $188.7K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $900.3K |
| EBIT | -$24M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $321M |
| Short-Term Investments | $442M |
| Net Receivables | $98M |
| Inventory | $0 |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $895M |
| PP&E (Net) | $6M |
| Goodwill | $28M |
| Intangible Assets | $17M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $955M |
| Account Payables | $150M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $276M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $296M |
| Common Stock | $642M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $642M |
| Minority Interest | $17M |
| TOTAL EQUITY | $659M |
| TOTAL LIABILITIES & EQUITY | $955M |
| Total Debt | $5M |
| Net Debt | -$315M |
