| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $38M | $55M | 20.7% | -17.1% |
| Op. Income | -$71M | -$51M | -$39M | -39.5% | -81.4% |
| Gross Margin | 57.2% | 49.0% | 69.9% | 8.2pp | -12.8pp |
| Net Margin | -151.7% | -132.7% | -72.7% | -19.0pp | -79.0pp |
| EPS (Diluted) | $-0.48 | $-0.35 | $-0.17 | -37.1% | -182.4% |
| Free Cash Flow | -$28M | -$49M | -$33M | 42.9% | 13.3% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $26M |
| R&D Expenses | $29M |
| Selling & Marketing | $22M |
| General & Administrative | $21M |
| SG&A Expenses | $43M |
| Other Expenses | $26M |
| Operating Expenses | $97M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$71M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$69M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$69M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$69M |
| D&A | $5M |
| EBIT | -$66M |
| EBITDA | -$61M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$69M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $41M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $127M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $87.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $281M |
| Net Receivables | $38M |
| Inventory | $14M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $120M |
| Goodwill | $119M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $251M |
| TOTAL ASSETS | $661M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $49M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $45M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $265M |
| TOTAL LIABILITIES | $353M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $215.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $308M |
| Minority Interest | -$121.0K |
| TOTAL EQUITY | $308M |
| TOTAL LIABILITIES & EQUITY | $661M |
| Total Debt | $99M |
| Net Debt | $34M |
