| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $93M | $70M | 6.0% | 40.1% |
| Op. Income | -$37M | -$37M | -$43M | 0.9% | 14.2% |
| Gross Margin | 66.1% | 68.7% | 64.8% | -2.6pp | 1.3pp |
| Net Margin | -34.3% | -36.4% | -61.5% | 2.1pp | 27.3pp |
| EPS (Diluted) | $-0.36 | $-0.36 | $-0.46 | 0.0% | 21.7% |
| Free Cash Flow | -$2M | -$28M | -$26M | 93.2% | 92.6% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $65M |
| R&D Expenses | $27M |
| Selling & Marketing | $53M |
| General & Administrative | $22M |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $925.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $2M |
| EBIT | -$37M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$4.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $12.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $410M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $583M |
| PP&E (Net) | $67M |
| Goodwill | $0 |
| Intangible Assets | $500.0K |
| Long-Term Investments | $4M |
| Tax Assets | -$500.0K |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $122M |
| TOTAL ASSETS | $705M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $166M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $217M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $755.0K |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $259M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $806M |
| Retained Earnings | -$354M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $445M |
| Minority Interest | $1M |
| TOTAL EQUITY | $447M |
| TOTAL LIABILITIES & EQUITY | $705M |
| Total Debt | $51M |
| Net Debt | -$17M |
