Revenue: As of FY2024 Q1, the actual value is USD 12.04 M.

EPS: As of FY2024 Q1, the actual value is USD -0.09.

EBIT: As of FY2024 Q1, the actual value is USD -14.44 M.

Segment Revenue

• Hardware Revenue: $4.643 million for the three months ended March 31, 2024, compared to $5.345 million for the same period in 2023, a decrease of 13.1%.
• Software Revenue: $5.037 million for the three months ended March 31, 2024, compared to $3.973 million for the same period in 2023, an increase of 26.8%.
• Professional Services Revenue: $2.355 million for the three months ended March 31, 2024, compared to $1.832 million for the same period in 2023, an increase of 28.5%.

Operational Metrics

• Net Loss: - $13.637 million for the three months ended March 31, 2024, compared to - $32.924 million for the same period in 2023, a decrease in loss of 58.6%.
• Total Cost of Revenue: $5.581 million for the three months ended March 31, 2024, compared to $13.641 million for the same period in 2023, a decrease of 59.1%.
• Operating Expenses: $20.445 million for the three months ended March 31, 2024, compared to $30.636 million for the same period in 2023, a decrease of 33.3%.

Cash Flow

• Net Cash Used in Operating Activities: - $31.100 million for the three months ended March 31, 2024, compared to - $25.731 million for the same period in 2023.
• Net Cash Provided by Investing Activities: $45.162 million for the three months ended March 31, 2024, compared to $32.597 million for the same period in 2023.

Future Outlook and Strategy

• Core Business Focus: The company is focusing on expanding its software revenue through increased subscriptions and enhancing its professional services offerings, including property management services.
• Non-Core Business: The company has launched a property management division, Door Property Management, LLC, to gain hands-on experience and refine its products and services.

Unique Metrics

• Adjusted EBITDA: - $7.395 million for the three months ended March 31, 2024, compared to - $24.444 million for the same period in 2023, an improvement of 69.7%.