| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $56M | $54M | -11.2% | -9.2% |
| Op. Income | -$27M | -$8M | -$16M | -238.9% | -72.7% |
| Gross Margin | 23.5% | 29.1% | 17.6% | -5.5pp | 6.0pp |
| Net Margin | -55.2% | -13.2% | -27.5% | -42.0pp | -27.7pp |
| EPS (Diluted) | $-0.44 | $-0.12 | $-0.25 | -266.7% | -76.0% |
| Free Cash Flow | -$2M | -$5M | $817.0K | 59.3% | -352.0% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $31M |
| Operating Expenses | $39M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$27M |
| Interest Income | $3M |
| Interest Expense | $91.0K |
| Other Income/Expenses | -$163.0K |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$61.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $4M |
| EBIT | -$27M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $719.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$703.0K |
| Acquisitions (Net) | $30.0K |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$225.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$76.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$76.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $35M |
| Net Receivables | $9M |
| Inventory | $65M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $147M |
| PP&E (Net) | $67M |
| Goodwill | $8M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $949.0K |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $239M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $317.0K |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $66M |
| Common Stock | $61.0K |
| Additional Paid-In Capital | $373M |
| Retained Earnings | -$200M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $173M |
| Minority Interest | $0 |
| TOTAL EQUITY | $173M |
| TOTAL LIABILITIES & EQUITY | $239M |
| Total Debt | $42M |
| Net Debt | $13M |
