| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $133M | $194M | 21.9% | -16.7% |
| Op. Income | $3M | -$14M | $18M | 118.1% | -85.6% |
| Gross Margin | 27.6% | 23.2% | 32.6% | 4.4pp | -5.0pp |
| Net Margin | -0.7% | -14.3% | 7.8% | 13.6pp | -8.5pp |
| EPS (Diluted) | $-0.04 | $-0.63 | $0.53 | 93.7% | -107.5% |
| Free Cash Flow | -$47M | -$11M | -$14M | -329.3% | -230.2% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $117M |
| GROSS PROFIT | $45M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $19M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $159M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $87.0K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$717.0K |
| Income Tax Expense | $387.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $12M |
| EBIT | $2M |
| EBITDA | $14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$456.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $140.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$71M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $183M |
| Other Current Assets | $415.0K |
| TOTAL CURRENT ASSETS | $424M |
| PP&E (Net) | $385M |
| Goodwill | $269.0K |
| Intangible Assets | $6M |
| Long-Term Investments | $367M |
| Tax Assets | $536.0K |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $776M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $51M |
| Short-Term Debt | $11M |
| Deferred Revenue | $46M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $173M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $143M |
| TOTAL LIABILITIES | $316M |
| Common Stock | $70.0K |
| Additional Paid-In Capital | $329M |
| Retained Earnings | $642M |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $884M |
| Minority Interest | $0 |
| TOTAL EQUITY | $884M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $79M |
| Net Debt | -$116M |
