| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $75M | $45M | 22.7% | 101.8% |
| Op. Income | -$69M | -$32M | -$51M | -115.3% | -33.8% |
| Gross Margin | 7.6% | 56.1% | 68.7% | -48.5pp | -61.1pp |
| Net Margin | -87.0% | -53.2% | -129.8% | -33.9pp | 42.8pp |
| EPS (Diluted) | $-0.71 | $-0.41 | $-0.85 | -73.2% | 16.5% |
| Free Cash Flow | -$13M | -$54M | -$100M | 76.1% | 87.0% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $7M |
| R&D Expenses | $26M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $160M |
| OPERATING INCOME | -$69M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$80M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$80M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$80M |
| D&A | $1M |
| EBIT | -$69M |
| EBITDA | -$68M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$80M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$34.0K |
| Acquisitions (Net) | $76.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$525.0K |
| NET CASH FROM FINANCING | $366.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $103M |
| Short-Term Investments | $15M |
| Net Receivables | $261M |
| Inventory | $63M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $476M |
| PP&E (Net) | $5M |
| Goodwill | $943.0K |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $630M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $332M |
| Long-Term Debt | $473M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $491M |
| TOTAL LIABILITIES | $823M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$248.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$193M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$193M |
| TOTAL LIABILITIES & EQUITY | $630M |
| Total Debt | $481M |
| Net Debt | $378M |
