| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $36M | $43M | -3.5% | -19.0% |
| Op. Income | -$6M | -$15M | -$700.0K | 59.8% | -755.1% |
| Gross Margin | 53.1% | 51.6% | 63.0% | 1.6pp | -9.8pp |
| Net Margin | -20.5% | -46.6% | -7.8% | 26.1pp | -12.6pp |
| EPS (Diluted) | $-0.09 | $-0.21 | $-0.04 | 59.0% | -107.0% |
| Free Cash Flow | -$3M | -$7M | $7M | 59.5% | -142.5% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $19M |
| R&D Expenses | $6M |
| Selling & Marketing | $8M |
| General & Administrative | $11M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $169.0K |
| Other Income/Expenses | -$169.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $1M |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$27.0K |
| Other Non-Cash Items | $594.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$543.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$17.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $116.0K |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $137M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $457.0K |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $177M |
| Account Payables | $1M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $76M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $242M |
| Retained Earnings | -$141M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $101M |
| Minority Interest | $0 |
| TOTAL EQUITY | $101M |
| TOTAL LIABILITIES & EQUITY | $177M |
| Total Debt | $30M |
| Net Debt | -$18M |
