| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $134M | $129M | -6.2% | -2.2% |
| Op. Income | -$13M | -$22M | -$35M | 41.2% | 63.3% |
| Gross Margin | 57.0% | 59.7% | 49.7% | -2.7pp | 7.3pp |
| Net Margin | -11.3% | -15.8% | -28.5% | 4.6pp | 17.2pp |
| EPS (Diluted) | $-0.09 | $-0.12 | $-0.22 | 25.2% | 59.2% |
| Free Cash Flow | $17M | $331.0K | -$29M | 4949.5% | 156.9% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $72M |
| R&D Expenses | $0 |
| Selling & Marketing | $14M |
| General & Administrative | $70M |
| SG&A Expenses | $85M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $139M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $377.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $4M |
| EBIT | -$6M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $175.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$19.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$230.0K |
| NET CASH FROM FINANCING | -$249.0K |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $178M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $124M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $312M |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $88M |
| TOTAL ASSETS | $400M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $81M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $230M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $480M |
| Retained Earnings | -$310M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $171M |
| Minority Interest | $0 |
| TOTAL EQUITY | $171M |
| TOTAL LIABILITIES & EQUITY | $400M |
| Total Debt | $134M |
| Net Debt | -$44M |
