| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $13M | $11M | -5.8% | 11.6% |
| Op. Income | -$9M | -$8M | -$9M | -9.4% | -2.1% |
| Gross Margin | 88.4% | 90.4% | 90.3% | -1.9pp | -1.9pp |
| Net Margin | -84.3% | -61.4% | -64.4% | -22.9pp | -19.9pp |
| EPS (Diluted) | $-0.29 | $-0.23 | $-0.21 | -26.1% | -38.1% |
| Free Cash Flow | -$3M | -$3M | -$787.0K | -8.3% | -332.9% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $11M |
| R&D Expenses | $11M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $75.0K |
| Other Income/Expenses | -$68.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $829.0K |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $829.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $683.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$428.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$25.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$248.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$336.0K |
| NET CASH FROM FINANCING | -$584.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $27M |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $58M |
| PP&E (Net) | $10M |
| Goodwill | $4M |
| Intangible Assets | $4M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $103M |
| Account Payables | $183.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $33M |
| Other Current Liabilities | $333.0K |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $88M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $118M |
| Retained Earnings | -$103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $120.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $103M |
| Total Debt | $8M |
| Net Debt | -$6M |
