| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $35M | $16M | -55.8% | -4.4% |
| Op. Income | -$2M | $17M | -$10M | -112.2% | 78.9% |
| Gross Margin | 60.6% | 81.4% | 51.7% | -20.8pp | 8.9pp |
| Net Margin | -14.0% | 48.6% | -66.7% | -62.7pp | 52.6pp |
| EPS (Diluted) | $-0.11 | $0.80 | $-0.60 | -113.8% | 81.7% |
| Free Cash Flow | -$11M | $19M | -$24M | -161.0% | 52.1% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $9M |
| R&D Expenses | $2M |
| Selling & Marketing | -$2M |
| General & Administrative | $12M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$2M |
| Interest Income | $113.0K |
| Interest Expense | $24.0K |
| Other Income/Expenses | $87.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $126.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $838.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $838.0K |
| Stock-Based Compensation | $529.0K |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | $5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$471.0K |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $10M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $101.0K |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $77M |
| Account Payables | $16M |
| Short-Term Debt | $3M |
| Deferred Revenue | $53.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $93M |
| Retained Earnings | -$72M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $77M |
| Total Debt | $18M |
| Net Debt | -$10M |
