| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $169M | $185M | -10.7% | -18.4% |
| Op. Income | -$499M | -$2M | $146M | -24850.0% | -441.8% |
| Gross Margin | 66.2% | 64.5% | 67.0% | 1.7pp | -0.8pp |
| Net Margin | -327.8% | -2.4% | 77.8% | -325.4pp | -405.7pp |
| EPS (Diluted) | $-0.85 | $-0.01 | $0.23 | -13392.1% | -469.6% |
| Free Cash Flow | -$22M | -$196M | -$2M | 88.8% | -1000.0% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $100M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $468M |
| Operating Expenses | $599M |
| Cost & Expenses | $650M |
| OPERATING INCOME | -$499M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$493M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$495M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$495M |
| Net Income Deductions | $25M |
| BOTTOM LINE NET INCOME | -$520M |
| D&A | $20M |
| EBIT | -$49M |
| EBITDA | -$29M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$495M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $444M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $50M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $295M |
| Short-Term Investments | $131M |
| Net Receivables | $135M |
| Inventory | $0 |
| Other Current Assets | $182M |
| TOTAL CURRENT ASSETS | $743M |
| PP&E (Net) | $69M |
| Goodwill | $595M |
| Intangible Assets | $203M |
| Long-Term Investments | $34M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $936M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $24M |
| Short-Term Debt | $367M |
| Deferred Revenue | $175M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $729M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $822M |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $857M |
| Minority Interest | $0 |
| TOTAL EQUITY | $857M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $443M |
| Net Debt | $148M |
