| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $71M | $65M | 1.1% | 9.4% |
| Op. Income | -$22M | $0 | -$26M | — | 16.3% |
| Gross Margin | 74.4% | 75.5% | 70.5% | -1.1pp | 3.9pp |
| Net Margin | -26.0% | -25.1% | -36.8% | -0.8pp | 10.9pp |
| EPS (Diluted) | $-0.16 | $-0.15 | $-0.21 | -6.7% | 23.8% |
| Free Cash Flow | $1M | $7M | -$6M | -80.2% | 125.2% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $53M |
| R&D Expenses | $22M |
| Selling & Marketing | $38M |
| General & Administrative | $15M |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $543.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $1M |
| EBIT | -$22M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$839.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $648.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $248M |
| Short-Term Investments | $74M |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $380M |
| PP&E (Net) | $17M |
| Goodwill | $4M |
| Intangible Assets | $609.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $434M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $103M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $139M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $658M |
| Retained Earnings | -$364M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$181.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $295M |
| Minority Interest | $0 |
| TOTAL EQUITY | $295M |
| TOTAL LIABILITIES & EQUITY | $434M |
| Total Debt | $8M |
| Net Debt | -$240M |
