| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $176M | $145M | 14.7% | 38.8% |
| Op. Income | -$36M | -$302M | -$4M | 88.0% | -791.1% |
| Gross Margin | 77.7% | 66.5% | 74.3% | 11.1pp | 3.4pp |
| Net Margin | -13.0% | -169.0% | -0.5% | 156.0pp | -12.5pp |
| EPS (Diluted) | $-0.10 | $-1.24 | $-0.00 | 91.9% | -3233.3% |
| Free Cash Flow | $35M | $22M | $19M | 58.8% | 86.8% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $157M |
| R&D Expenses | $53M |
| Selling & Marketing | $103M |
| General & Administrative | $38M |
| SG&A Expenses | $140M |
| Other Expenses | $0 |
| Operating Expenses | $193M |
| Cost & Expenses | $238M |
| OPERATING INCOME | -$36M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$594.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $4M |
| EBIT | -$13M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $739M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $0 |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $803M |
| PP&E (Net) | $80M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $205M |
| TOTAL NON-CURRENT ASSETS | $286M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $40M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $174M |
| Common Stock | $260.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$799M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $915M |
| Minority Interest | $0 |
| TOTAL EQUITY | $915M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $52M |
| Net Debt | -$687M |
