| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | $15M | -3.1% | -18.0% |
| Op. Income | -$3M | -$2M | -$1M | -82.5% | -118.5% |
| Gross Margin | 38.6% | 43.7% | 43.9% | -5.2pp | -5.3pp |
| Net Margin | -23.8% | -13.6% | -7.6% | -10.1pp | -16.2pp |
| EPS (Diluted) | $-0.18 | $-0.11 | $-0.07 | -63.6% | -150.7% |
| Free Cash Flow | -$947.0K | -$2M | -$2M | 49.2% | 43.4% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $2M |
| SG&A Expenses | $6M |
| Other Expenses | -$82.0K |
| Operating Expenses | $8M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $181.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $60.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $776.0K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $776.0K |
| Stock-Based Compensation | $406.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $799.0K |
| OPERATING CASH FLOW | -$979.0K |
| Capital Expenditure | $32.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $32.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $45.0K |
| FREE CASH FLOW | -$947.0K |
| Net Change in Cash | -$947.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $10M |
| Other Current Assets | $856.0K |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $3M |
| Goodwill | $965.0K |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $34M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $164.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $25M |
| Common Stock | $172.0K |
| Additional Paid-In Capital | $88M |
| Retained Earnings | -$79M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$52.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $3M |
| Net Debt | -$4M |
