| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | — | -6.4% | — |
| Op. Income | -$4M | -$4M | — | -7.3% | — |
| Gross Margin | 44.3% | 11.8% | — | 32.5pp | — |
| Net Margin | -242.6% | -97.1% | — | -145.5pp | — |
| EPS (Diluted) | $-0.42 | $-0.10 | — | -324.2% | — |
| Free Cash Flow | -$954.0K | -$2M | — | 40.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $416.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $555.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $555.0K |
| Stock-Based Compensation | $35.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$907.0K |
| Capital Expenditure | -$47.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47.0K |
| Net Debt Issuance | $558.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $558.0K |
| FREE CASH FLOW | -$954.0K |
| Net Change in Cash | $138.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258.0K |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $13M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $245.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $881.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $16M |
| Account Payables | $18M |
| Short-Term Debt | $72M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $890.0K |
| TOTAL CURRENT LIABILITIES | $115M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $436M |
| Retained Earnings | -$550M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$115M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$115M |
| TOTAL LIABILITIES & EQUITY | $16M |
| Total Debt | $80M |
| Net Debt | $80M |
