| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $36M | $34M | -6.3% | 0.5% |
| Op. Income | -$38M | -$31M | -$34M | -20.9% | -11.6% |
| Gross Margin | 95.4% | 97.5% | 94.4% | -2.1pp | 0.9pp |
| Net Margin | -124.0% | -95.8% | -114.7% | -28.1pp | -9.3pp |
| EPS (Diluted) | $-5.47 | $-4.52 | $-0.43 | -21.0% | -1172.1% |
| Free Cash Flow | -$19M | -$30M | -$27M | 37.1% | 30.6% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $32M |
| R&D Expenses | $39M |
| Selling & Marketing | $0 |
| General & Administrative | $31M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$38M |
| Interest Income | $3M |
| Interest Expense | $6M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $130.0K |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $77.0K |
| EBIT | -$35M |
| EBITDA | -$35M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $294.0K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $264.0K |
| NET CASH FROM FINANCING | $264.0K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $139M |
| Net Receivables | $27M |
| Inventory | $3M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $234M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $240M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $171M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $307M |
| TOTAL LIABILITIES | $377M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$161.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$136M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$136M |
| TOTAL LIABILITIES & EQUITY | $240M |
| Total Debt | $177M |
| Net Debt | $125M |
