| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $98M | $88M | 8.4% | 21.0% |
| Op. Income | -$9M | -$8M | -$4M | -7.2% | -109.6% |
| Gross Margin | 74.2% | 75.2% | 74.0% | -0.9pp | 0.3pp |
| Net Margin | -9.2% | -9.2% | -4.7% | 0.0pp | -4.5pp |
| EPS (Diluted) | $-0.21 | $-0.20 | $-0.09 | -5.0% | -131.3% |
| Free Cash Flow | $1M | -$2M | -$4M | 159.0% | 130.2% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $79M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | $0 |
| Operating Expenses | $88M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$9M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$748.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $373.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $4M |
| EBIT | -$8M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$496.0K |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$261.0K |
| Common Stock Repurchased | -$84.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $53M |
| Net Receivables | $53M |
| Inventory | $68M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $47M |
| Goodwill | $235M |
| Intangible Assets | $64M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $348M |
| TOTAL ASSETS | $614M |
| Account Payables | $27M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $824M |
| Retained Earnings | -$357M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$993.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $466M |
| Minority Interest | $0 |
| TOTAL EQUITY | $466M |
| TOTAL LIABILITIES & EQUITY | $614M |
| Total Debt | $74M |
| Net Debt | -$10M |
