Q4 2023 Earnings

Reported December 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$82M	$81M	—	0.2%	—
Op. Income	-$30M	-$22M	—	-36.6%	—
Gross Margin	71.7%	71.4%	—	0.3pp	—
Net Margin	-29.6%	-20.6%	—	-9.0pp	—
EPS (Diluted)	$-0.31	$-0.21	—	-47.6%	—

Income Statement

Item	Amount
REVENUE	$82M
Cost of Revenue	$23M
GROSS PROFIT	$58M
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$0
Operating Expenses	$89M
Cost & Expenses	$112M
OPERATING INCOME	-$30M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	-$25M
Income Tax Expense	-$437.0K
Net Income from Continuing Ops	-$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$24M
D&A	$95.0K
EBIT	-$25M
EBITDA	-$24M
EPS	-$0
EPS Diluted	-$0