| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $11M | $7M | 7.6% | 57.5% |
| Op. Income | -$10M | -$10M | -$11M | -1.4% | 15.8% |
| Gross Margin | 84.8% | 83.9% | 79.0% | 0.9pp | 5.8pp |
| Net Margin | -81.1% | -85.7% | -146.8% | 4.7pp | 65.8pp |
| EPS (Diluted) | $-0.44 | $-0.43 | $-0.51 | -2.3% | 13.7% |
| Free Cash Flow | -$8M | -$8M | -$11M | 1.9% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $17M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $579.0K |
| Other Income/Expenses | $537.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $129.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $129.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40.0K |
| Change in Working Capital | -$435.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$169.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$169.0K |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $580.0K |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $11M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $27.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $115M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $209.0K |
| Additional Paid-In Capital | $553M |
| Retained Earnings | -$477M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$207.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $76M |
| Minority Interest | $0 |
| TOTAL EQUITY | $76M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $31M |
| Net Debt | -$60M |
