Executive readout · one minute
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Substantial doubt about the company's ability to continue as a going concern.
“Due to these uncertainties and given the debt matures on November 17, 2026, management concluded that substantial doubt exists with respect to the Company's ability to continue as a going concern within one year after the date that these consolidated financial statements are issued.”View the 10-Q filed May 20, 2026
Earnings call · FY2024 Q1
Executive readout · one minute
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Forward guidance
11 guided metrics
Management's latest ranges and targets are included below.
Research coverage
2 live sources
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From the 8-K filed May 9, 2024.
| Metric | Period | Guided | Basis | Actual |
|---|---|---|---|---|
|
Revenues
Initiated
second quarter ending June 30, 2024
|
$43M – $48M | — | $45.23M within | |
|
GAAP operating expenses
Initiated
second quarter ending June 30, 2024
|
$27.7M – $28.7M | GAAP | — | |
|
Non-GAAP operating expenses
Initiated
second quarter ending June 30, 2024
|
$24.6M – $25.6M | Non-GAAP | — | |
|
Interest expense, net
Initiated
second quarter ending June 30, 2024
|
$1.8M | — | — | |
|
Non-GAAP effective tax benefit
Initiated
second quarter ending June 30, 2024
|
25% | Non-GAAP | — | |
|
Paydown of debt
Initiated
second quarter ending June 30, 2024
|
$700,000 | — | — | |
|
Cash interest expense
Initiated
second quarter ending June 30, 2024
|
$1.7M | — | — | |
|
Capital expenditures
Initiated
second quarter ending June 30, 2024
|
$1.5M – $2.5M | — | — | |
|
Revenues
Lowered
Full Year 2024
|
$205M – $225M | — | $177.29M below | |
|
GAAP gross margin
Lowered
Full Year 2024
|
38% | GAAP | — | |
|
Non-GAAP gross margin
Lowered
Full Year 2024
|
40% | Non-GAAP | — |
How the reported period landed and where the business moved.
SEC filing · Item 2.02
Filed May 9, 2024 · complete as-filed document
SEC periodic report
Filed May 10, 2024 · complete as-filed document