| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $57M | $84M | 25.8% | -14.5% |
| Op. Income | -$58M | -$30M | -$25M | -91.7% | -126.4% |
| Gross Margin | 38.0% | 43.5% | 43.1% | -5.5pp | -5.1pp |
| Net Margin | -78.9% | -55.2% | -29.5% | -23.7pp | -49.3pp |
| EPS (Diluted) | $-7.39 | $-4.15 | $-3.32 | -78.1% | -122.6% |
| Free Cash Flow | -$6M | -$7M | -$15M | 20.4% | 60.0% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $27M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $42M |
| SG&A Expenses | $56M |
| Other Expenses | $29M |
| Operating Expenses | $85M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$58M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $562.0K |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$297.0K |
| 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 | $6M |
| EBIT | -$29M |
| EBITDA | -$23M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$474.0K |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $52.0K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$222.0K |
| NET CASH FROM FINANCING | $250.0K |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $58M |
| Other Current Assets | $458.0K |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $93M |
| Goodwill | $0 |
| Intangible Assets | $82.0K |
| Long-Term Investments | $2M |
| Tax Assets | $18M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $117M |
| TOTAL ASSETS | $330M |
| Account Payables | $6M |
| Short-Term Debt | $15M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $38.0K |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $580M |
| Retained Earnings | -$391M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $185M |
| Minority Interest | $0 |
| TOTAL EQUITY | $185M |
| TOTAL LIABILITIES & EQUITY | $330M |
| Total Debt | $94M |
| Net Debt | -$37M |
