| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $20M | $30M | 68.2% | 11.3% |
| Op. Income | $19M | $6M | $21M | 229.5% | -9.2% |
| Gross Margin | 73.5% | 60.0% | 83.6% | 13.6pp | -10.1pp |
| Net Margin | 54.5% | 14.9% | 65.7% | 39.6pp | -11.1pp |
| EPS (Diluted) | $0.50 | $0.09 | $0.79 | 431.9% | -36.7% |
| Free Cash Flow | -$34M | -$98M | $6M | 65.8% | -670.1% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $4M |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $19M |
| Interest Income | $33M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $721.0K |
| 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 | $748.0K |
| EBIT | $19M |
| EBITDA | $20M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $4M |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $19M |
| Interest Income | $33M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $721.0K |
| 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 | $748.0K |
| EBIT | $19M |
| EBITDA | $20M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $874.0K |
| Stock-Based Compensation | $832.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$56M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$122.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$122.0K |
| Net Debt Issuance | $26M |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | -$14M |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$101.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.3B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $638M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $667M |
| TOTAL LIABILITIES | $667M |
| Common Stock | $10M |
| Additional Paid-In Capital | $647M |
| Retained Earnings | -$42M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $590M |
| Minority Interest | $0 |
| TOTAL EQUITY | $590M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $638M |
| Net Debt | $616M |
