| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $39M | $50M | $43M | -21.9% | -9.3% |
| Op. Income | -$17M | -$12M | -$842.0K | -43.1% | -1871.1% |
| Gross Margin | 31.7% | 36.3% | 33.6% | -4.5pp | -1.9pp |
| Net Margin | -45.5% | -35.7% | -4.7% | -9.8pp | -40.8pp |
| EPS (Diluted) | $-55.62 | $-57.00 | $-7.50 | 2.4% | -641.6% |
| Free Cash Flow | $2M | $8M | $544.0K | -72.3% | 312.5% |
| Item | Amount |
|---|---|
| REVENUE | $39M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $12M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $12M |
| Operating Expenses | $29M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $2M |
| EBIT | -$17M |
| EBITDA | -$15M |
| EPS | -$56 |
| EPS Diluted | -$56 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $33M |
| Inventory | $44M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $104M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $906.0K |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $162M |
| Account Payables | $27M |
| Short-Term Debt | $1M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $145M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $120M |
| Retained Earnings | -$104M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $17M |
| Minority Interest | $0 |
| TOTAL EQUITY | $17M |
| TOTAL LIABILITIES & EQUITY | $162M |
| Total Debt | $49M |
| Net Debt | $32M |
