| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $118M | $110M | 0.2% | 7.5% |
| Op. Income | -$457.0K | $2M | $2M | -119.7% | -122.3% |
| Gross Margin | 31.9% | 32.8% | 39.1% | -0.9pp | -7.2pp |
| Net Margin | -2.2% | 0.5% | -3.1% | -2.7pp | 1.0pp |
| EPS (Diluted) | $-0.03 | $0.01 | $-0.04 | -536.1% | 28.3% |
| Free Cash Flow | $846.0K | $23M | -$6M | -96.3% | 114.0% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $38M |
| R&D Expenses | $14M |
| Selling & Marketing | $11M |
| General & Administrative | $13M |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $119M |
| OPERATING INCOME | -$457.0K |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $580.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $1M |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $456.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $59.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$83.0K |
| NET CASH FROM FINANCING | -$522.0K |
| FREE CASH FLOW | $846.0K |
| Net Change in Cash | $680.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $89M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $145M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $338M |
| PP&E (Net) | $47M |
| Goodwill | $58M |
| Intangible Assets | $210.0K |
| Long-Term Investments | $15M |
| Tax Assets | $860.0K |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $141M |
| TOTAL ASSETS | $479M |
| Account Payables | $34M |
| Short-Term Debt | $6M |
| Deferred Revenue | $93M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $199M |
| Long-Term Debt | $172M |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $227M |
| TOTAL LIABILITIES | $426M |
| Common Stock | $97.0K |
| Additional Paid-In Capital | $555M |
| Retained Earnings | -$502M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $422.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $479M |
| Total Debt | $205M |
| Net Debt | $116M |
