| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $11M | $16M | 202.1% | 111.1% |
| Op. Income | -$10M | -$5M | -$9M | -84.6% | -11.5% |
| Gross Margin | 80.2% | 78.2% | 76.8% | 2.1pp | 3.5pp |
| Net Margin | -20.2% | -27.0% | -109.4% | 6.7pp | 89.1pp |
| EPS (Diluted) | $-0.12 | $-0.06 | $-0.33 | -110.5% | 63.6% |
| Free Cash Flow | -$94M | -$24M | -$64M | -295.9% | -46.7% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $27M |
| R&D Expenses | $0 |
| Selling & Marketing | $540.0K |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $33M |
| Operating Expenses | $37M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$10M |
| Interest Income | $466.0K |
| Interest Expense | $136.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $7M |
| EBIT | -$10M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$90M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$71M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $99M |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $247.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $31M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$94M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $89M |
| PP&E (Net) | $242M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $8.0K |
| Other Non-Current Assets | $360.0K |
| TOTAL NON-CURRENT ASSETS | $243M |
| TOTAL ASSETS | $332M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $961.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $91.0K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $966M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$654M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $28M |
| TOTAL STOCKHOLDERS' EQUITY | $305M |
| Minority Interest | $0 |
| TOTAL EQUITY | $305M |
| TOTAL LIABILITIES & EQUITY | $332M |
| Total Debt | $1M |
| Net Debt | -$67M |
