| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $60M | $58M | 6.3% | 10.6% |
| Op. Income | $3M | $7M | -$2M | -48.8% | 265.9% |
| Gross Margin | 40.1% | 37.9% | 29.5% | 2.2pp | 10.6pp |
| Net Margin | 4.4% | 11.5% | -3.6% | -7.1pp | 8.0pp |
| EPS (Diluted) | $0.04 | $0.09 | $-0.03 | -55.6% | 233.3% |
| Free Cash Flow | $5M | $19M | -$7M | -73.7% | 171.7% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $26M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $12M |
| SG&A Expenses | $15M |
| Other Expenses | $3M |
| Operating Expenses | $22M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $3M |
| Interest Income | $530.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$561.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $58.0K |
| 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 | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $26M |
| R&D Expenses | $4M |
| Selling & Marketing | $4M |
| General & Administrative | $12M |
| SG&A Expenses | $15M |
| Other Expenses | $3M |
| Operating Expenses | $22M |
| Cost & Expenses | $61M |
| OPERATING INCOME | $3M |
| Interest Income | $530.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$561.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $58.0K |
| 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 | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $141.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$690.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$104.0K |
| NET CASH FROM FINANCING | -$792.0K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $32M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $28M |
| Goodwill | $92M |
| Intangible Assets | $28M |
| Long-Term Investments | -$275.0K |
| Tax Assets | $275.0K |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $166M |
| TOTAL ASSETS | $290M |
| Account Payables | $53M |
| Short-Term Debt | $882.0K |
| Deferred Revenue | $2M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $82M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | -$275.0K |
| Deferred Tax Liabilities | $275.0K |
| Other Non-Current Liabilities | -$2M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $477M |
| Additional Paid-In Capital | $477M |
| Retained Earnings | -$312M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$477M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $290M |
| Total Debt | $45M |
| Net Debt | -$6M |
