| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $338.0K | $744.0K | $2M | -54.6% | -78.3% |
| Op. Income | -$25M | -$23M | -$21M | -6.2% | -17.3% |
| Gross Margin | -3382.0% | -1382.4% | -130.3% | -1999.6pp | -3251.6pp |
| Net Margin | -6966.0% | -2956.2% | -1250.5% | -4009.8pp | -5715.4pp |
| EPS (Diluted) | $-0.25 | $-0.24 | $-0.21 | -4.2% | -19.0% |
| Free Cash Flow | -$15M | -$11M | -$19M | -40.0% | 21.9% |
| Item | Amount |
|---|---|
| REVENUE | $338.0K |
| Cost of Revenue | $12M |
| GROSS PROFIT | -$11M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $1M |
| Operating Expenses | $13M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $204.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $48.0K |
| 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 | $3M |
| EBIT | -$24M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$63.0K |
| Other Non-Cash Items | $479.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | $126.0K |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $25M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $121M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $97M |
| TOTAL ASSETS | $217M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $966.0K |
| Deferred Tax Liabilities | $186.0K |
| Other Non-Current Liabilities | $109.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $583M |
| Retained Earnings | -$406M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $176M |
| Minority Interest | $0 |
| TOTAL EQUITY | $176M |
| TOTAL LIABILITIES & EQUITY | $217M |
| Total Debt | $16M |
| Net Debt | -$56M |
