| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $25M | $27M | 11.1% | 4.3% |
| Op. Income | -$21M | -$21M | -$21M | -1.0% | -1.3% |
| Gross Margin | 47.4% | 44.0% | 41.3% | 3.4pp | 6.1pp |
| Net Margin | -70.2% | -82.8% | -77.1% | 12.6pp | 7.0pp |
| EPS (Diluted) | $-0.25 | $-0.27 | $-0.26 | 7.4% | 3.8% |
| Free Cash Flow | -$14M | -$12M | -$20M | -14.8% | 29.1% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $13M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $6M |
| Operating Expenses | $35M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$21M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$162.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $4M |
| EBIT | -$19M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$78.0K |
| Acquisitions (Net) | $13M |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$174.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $421.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $63M |
| Net Receivables | $20M |
| Inventory | $21M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $158M |
| PP&E (Net) | $55M |
| Goodwill | $106M |
| Intangible Assets | $1M |
| Long-Term Investments | $800.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $165M |
| TOTAL ASSETS | $323M |
| Account Payables | $9M |
| Short-Term Debt | $60M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $841.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $83.0K |
| Additional Paid-In Capital | $861M |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $163M |
| Minority Interest | $0 |
| TOTAL EQUITY | $163M |
| TOTAL LIABILITIES & EQUITY | $323M |
| Total Debt | $98M |
| Net Debt | $47M |
