| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $19M | $17M | 17.6% | 31.6% |
| Op. Income | -$9M | -$8M | -$8M | -13.7% | -17.6% |
| Gross Margin | 24.1% | 21.8% | 11.3% | 2.3pp | 12.8pp |
| Net Margin | -94.2% | -114.0% | -75.1% | 19.8pp | -19.1pp |
| EPS (Diluted) | $-1.09 | $-1.12 | $-0.66 | 2.7% | -65.2% |
| Free Cash Flow | -$18M | -$8M | -$13M | -119.0% | -35.2% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $5M |
| R&D Expenses | $4M |
| Selling & Marketing | $5M |
| General & Administrative | $6M |
| SG&A Expenses | $10M |
| Other Expenses | $25.0K |
| Operating Expenses | $15M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $148.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $1M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $594.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$194.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $13M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $33M |
| Goodwill | $22M |
| Intangible Assets | $24M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $81M |
| TOTAL ASSETS | $128M |
| Account Payables | $14M |
| Short-Term Debt | $28M |
| Deferred Revenue | $742.0K |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $194M |
| Common Stock | $320.0K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$515.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$66M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$66M |
| TOTAL LIABILITIES & EQUITY | $128M |
| Total Debt | $135M |
| Net Debt | $130M |
