| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $36M | $50M | -7.4% | -34.5% |
| Op. Income | -$32M | -$228M | $11M | 85.8% | -404.4% |
| Gross Margin | 70.5% | 80.2% | 88.1% | -9.7pp | -17.5pp |
| Net Margin | -174.0% | -784.6% | 175.9% | 610.7pp | -349.8pp |
| EPS (Diluted) | $-9.15 | $-51.30 | $19.80 | 82.2% | -146.2% |
| Free Cash Flow | $6M | $3M | $26M | 128.3% | -77.7% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $23M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $19M |
| SG&A Expenses | $24M |
| Other Expenses | $31M |
| Operating Expenses | $56M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$32M |
| Interest Income | $0 |
| Interest Expense | $755.0K |
| Other Income/Expenses | $424.0K |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $25M |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $5M |
| EBIT | -$6M |
| EBITDA | -$1M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $29M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | $180.0K |
| Acquisitions (Net) | -$139.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$280.0K |
| NET CASH FROM INVESTING | -$239.0K |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | -$128.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $73M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $38M |
| Other Current Assets | $299.0K |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $111M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $115M |
| TOTAL ASSETS | $286M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $38M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $55M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $790M |
| Retained Earnings | -$652M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $138M |
| Minority Interest | $0 |
| TOTAL EQUITY | $138M |
| TOTAL LIABILITIES & EQUITY | $286M |
| Total Debt | $40M |
| Net Debt | -$34M |
