| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $70M | $61M | -35.5% | -25.9% |
| Op. Income | -$18M | $12M | $15M | -254.4% | -222.6% |
| Gross Margin | 45.2% | 69.0% | 85.4% | -23.8pp | -40.2pp |
| Net Margin | -32.8% | 13.1% | 18.0% | -45.9pp | -50.8pp |
| EPS (Diluted) | $-0.73 | $0.45 | $0.53 | -262.2% | -237.7% |
| Free Cash Flow | -$3M | $12M | $48M | -124.6% | -106.4% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $19M |
| SG&A Expenses | $20M |
| Other Expenses | $18M |
| Operating Expenses | $38M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$18M |
| Interest Income | $45M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $376.0K |
| EBIT | -$18M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $376.0K |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $36.0K |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $193M |
| Other Investing Activities | -$141M |
| NET CASH FROM INVESTING | $50M |
| Net Debt Issuance | -$201M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $223M |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $487M |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $680M |
| PP&E (Net) | $23M |
| Goodwill | $47M |
| Intangible Assets | $19M |
| Long-Term Investments | $3.0B |
| Tax Assets | $35M |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $3.2B |
| TOTAL ASSETS | $3.9B |
| Account Payables | $0 |
| Short-Term Debt | $314M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $3.4B |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $20M |
| Additional Paid-In Capital | $150M |
| Retained Earnings | $273M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$74M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $369M |
| Minority Interest | $0 |
| TOTAL EQUITY | $369M |
| TOTAL LIABILITIES & EQUITY | $3.9B |
| Total Debt | $379M |
| Net Debt | $249M |
