| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $69M | $63M | 5.6% | 15.9% |
| Op. Income | -$4M | -$88M | -$64M | 94.9% | 93.1% |
| Gross Margin | 29.9% | 54.8% | 54.0% | -24.9pp | -24.1pp |
| Net Margin | -46.5% | -138.9% | -113.8% | 92.4pp | 67.3pp |
| EPS (Diluted) | $-1.83 | $-5.50 | $-4.51 | 66.7% | 59.4% |
| Free Cash Flow | -$19M | $2M | -$9M | -892.1% | -114.9% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$4M |
| Interest Income | $552.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$201.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $15M |
| EBIT | -$22M |
| EBITDA | -$7M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$120M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$405.0K |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $55M |
| Inventory | $8M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $20M |
| Goodwill | $295M |
| Intangible Assets | $168M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $485M |
| TOTAL ASSETS | $587M |
| Account Payables | $24M |
| Short-Term Debt | $2M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $296M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $159M |
| TOTAL NON-CURRENT LIABILITIES | $478M |
| TOTAL LIABILITIES | $550M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $461M |
| Retained Earnings | -$415M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $37M |
| Minority Interest | $0 |
| TOTAL EQUITY | $37M |
| TOTAL LIABILITIES & EQUITY | $587M |
| Total Debt | $309M |
| Net Debt | $282M |
