| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | — | $15M | — | -24.4% |
| Op. Income | -$78M | — | -$62M | — | -25.2% |
| Gross Margin | 84.4% | — | 89.5% | — | -5.1pp |
| Net Margin | -660.0% | — | -421.0% | — | -239.0pp |
| EPS (Diluted) | $-1.05 | — | $-3.92 | — | 73.1% |
| Free Cash Flow | -$54M | — | -$65M | — | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $10M |
| R&D Expenses | $58M |
| Selling & Marketing | $16M |
| General & Administrative | $13M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$78M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$173.9K |
| INCOME BEFORE TAX | -$78M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$76M |
| D&A | $6M |
| EBIT | -$78M |
| EBITDA | -$72M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $25M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $17M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$865.3K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | -$54M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $2M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $196M |
| PP&E (Net) | $140M |
| Goodwill | $4M |
| Intangible Assets | $12M |
| Long-Term Investments | $3M |
| Tax Assets | $9M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $169M |
| TOTAL ASSETS | $365M |
| Account Payables | $11M |
| Short-Term Debt | $89M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $136M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $219M |
| TOTAL LIABILITIES | $355M |
| Common Stock | $28.8K |
| Additional Paid-In Capital | $870M |
| Retained Earnings | -$784M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9M |
| Minority Interest | $1M |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $365M |
| Total Debt | $262M |
| Net Debt | $106M |
