| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $78M | $72M | 7.8% | 16.2% |
| Op. Income | -$6M | -$22M | -$35M | 74.4% | 83.6% |
| Gross Margin | 77.5% | 75.6% | 74.5% | 1.9pp | 3.0pp |
| Net Margin | -3.8% | -26.0% | -45.5% | 22.2pp | 41.8pp |
| EPS (Diluted) | $-0.04 | $-0.27 | $-0.45 | 85.2% | 91.1% |
| Free Cash Flow | $12M | -$32M | -$4M | 137.7% | 432.2% |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $65M |
| R&D Expenses | $20M |
| Selling & Marketing | $34M |
| General & Administrative | $14M |
| SG&A Expenses | $48M |
| Other Expenses | $3M |
| Operating Expenses | $71M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$6M |
| Interest Income | $3M |
| Interest Expense | $719.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$552.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $3M |
| EBIT | -$4M |
| EBITDA | -$5.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$95.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$263.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $124.0K |
| NET CASH FROM FINANCING | -$139.0K |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $198M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $15M |
| Goodwill | $52M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $444M |
| Account Payables | $8M |
| Short-Term Debt | $547.0K |
| Deferred Revenue | $32M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $340M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $551.0K |
| TOTAL NON-CURRENT LIABILITIES | $348M |
| TOTAL LIABILITIES | $419M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $620M |
| Retained Earnings | -$595M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $163.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $444M |
| Total Debt | $350M |
| Net Debt | $279M |
