| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | — | $16M | — | 21.6% |
| Op. Income | -$20M | — | -$55M | — | 64.1% |
| Gross Margin | 69.8% | — | 47.9% | — | 21.9pp |
| Net Margin | -46.5% | — | -164.3% | — | 117.8pp |
| EPS (Diluted) | $-1.19 | — | $-7.80 | — | 84.7% |
| Free Cash Flow | -$35M | — | -$68M | — | 48.7% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $14M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | -$3M |
| Operating Expenses | $34M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$20M |
| Interest Income | $707.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $379.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$27M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$63.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$35.0K |
| NET CASH FROM INVESTING | -$63.0K |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$180.0K |
| Other Financing Activities | $479.0K |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $10M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $117M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $20M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $168M |
| Account Payables | $35M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $717M |
| Retained Earnings | -$695M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | -$21M |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $168M |
| Total Debt | $89M |
| Net Debt | $8M |
