| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $11M | $6M | 12.4% | 127.1% |
| Op. Income | -$2M | -$2M | -$2M | -0.7% | -20.2% |
| Gross Margin | 5.2% | 7.5% | 9.4% | -2.3pp | -4.2pp |
| Net Margin | -15.9% | -22.1% | -27.3% | 6.2pp | 11.4pp |
| EPS (Diluted) | $-0.04 | $-0.06 | $-0.04 | 24.6% | -16.9% |
| Free Cash Flow | -$3M | -$2M | -$737.5K | -60.8% | -309.6% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $665.0K |
| R&D Expenses | $207.6K |
| Selling & Marketing | $139.7K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $18.4K |
| Operating Expenses | $3M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$2M |
| Interest Income | $48.8K |
| Interest Expense | $265.9K |
| Other Income/Expenses | -$159.1K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| 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 | $18.4K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $18.4K |
| Stock-Based Compensation | $726.3K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $111.3K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$7.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7.1K |
| Net Debt Issuance | -$266.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $60.0K |
| NET CASH FROM FINANCING | -$206.7K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $208.2K |
| Goodwill | $0 |
| Intangible Assets | $73.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $281.3K |
| TOTAL ASSETS | $18M |
| Account Payables | $27.4K |
| Short-Term Debt | $730.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $60.0K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $4.9K |
| Additional Paid-In Capital | $38M |
| Retained Earnings | -$25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$391.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $11.3K |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $18M |
| Total Debt | $3M |
| Net Debt | -$6M |
