| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $78M | $71M | 5.5% | 15.6% |
| Op. Income | -$39M | -$28M | -$34M | -37.9% | -14.5% |
| Gross Margin | 77.1% | 76.3% | 75.8% | 0.8pp | 1.2pp |
| Net Margin | -44.7% | -39.0% | -44.2% | -5.6pp | -0.5pp |
| EPS (Diluted) | $-0.75 | $-0.63 | $-0.66 | -19.0% | -13.6% |
| Free Cash Flow | -$15M | -$12M | -$12M | -29.1% | -20.4% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $63M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $2M |
| Operating Expenses | $102M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$39M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $61.0K |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $10M |
| EBIT | -$33M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$105.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$72M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$194.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $93M |
| Short-Term Investments | $202M |
| Net Receivables | $40M |
| Inventory | $42M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $395M |
| PP&E (Net) | $175M |
| Goodwill | $66M |
| Intangible Assets | $283M |
| Long-Term Investments | $6M |
| Tax Assets | $67M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $611M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $13M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $283M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $74M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $471M |
| TOTAL LIABILITIES | $545M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$599M |
| Treasury Stock | -$132.0K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $462M |
| Minority Interest | $0 |
| TOTAL EQUITY | $462M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $385M |
| Net Debt | $292M |
