| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $44M | $44M | 2.1% | 0.9% |
| Op. Income | -$9M | -$8M | -$11M | -6.1% | 22.4% |
| Gross Margin | 64.4% | 63.6% | 62.6% | 0.8pp | 1.8pp |
| Net Margin | -27.1% | -24.6% | -33.5% | -2.5pp | 6.4pp |
| EPS (Diluted) | $-0.09 | $-0.08 | $-0.11 | -10.4% | 22.6% |
| Free Cash Flow | $512.0K | $1M | -$6M | -57.6% | 108.2% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $29M |
| R&D Expenses | $13M |
| Selling & Marketing | $42M |
| General & Administrative | -$17M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $722.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $1M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$815.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$750.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $512.0K |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $33M |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $34M |
| Goodwill | $11M |
| Intangible Assets | $689.0K |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $72M |
| TOTAL ASSETS | $184M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $369.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $472M |
| Retained Earnings | -$437M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $184M |
| Total Debt | $55M |
| Net Debt | $18M |
