| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $11M | $12M | -19.1% | -29.6% |
| Op. Income | -$7M | -$3M | -$6M | -148.8% | -9.1% |
| Gross Margin | -67.5% | 48.7% | -57.3% | -116.2pp | -10.3pp |
| Net Margin | -75.6% | -23.1% | -50.5% | -52.5pp | -25.1pp |
| EPS (Diluted) | $-0.06 | $-0.02 | $-0.07 | -164.4% | 12.5% |
| Free Cash Flow | -$4M | -$4M | -$2M | -0.3% | -73.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$1M |
| Operating Expenses | $995.0K |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$7M |
| Interest Income | $205.6K |
| Interest Expense | $0 |
| Other Income/Expenses | $337.7K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $110.0K |
| EBIT | -$7M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $110.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$117.3K |
| Other Non-Cash Items | $925.0K |
| Change in Working Capital | $570.8K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$471.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $48.0K |
| NET CASH FROM INVESTING | -$423.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $12M |
| Net Receivables | $13M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $40M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $124.9K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $49M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $278.1K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $1M |
| Additional Paid-In Capital | $385M |
| Retained Earnings | -$358M |
| Treasury Stock | -$103.1K |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $2M |
| Net Debt | -$3M |
