| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $2M | -13.5% | -10.6% |
| Op. Income | -$1M | -$981.0K | -$1M | -8.8% | 0.2% |
| Gross Margin | 2.8% | 14.4% | 20.6% | -11.5pp | -17.8pp |
| Net Margin | -60.6% | -45.0% | -70.0% | -15.6pp | 9.4pp |
| EPS (Diluted) | $-0.18 | $-0.15 | $-0.25 | -20.0% | 28.0% |
| Free Cash Flow | -$327.0K | -$689.0K | $144.0K | 52.5% | -327.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $41.0K |
| R&D Expenses | $321.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $787.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $68.0K |
| Other Income/Expenses | $187.0K |
| INCOME BEFORE TAX | -$880.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$880.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$881.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$881.0K |
| D&A | $118.0K |
| EBIT | -$812.0K |
| EBITDA | -$694.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$881.0K |
| Depreciation & Amortization | $118.0K |
| Stock-Based Compensation | $137.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $60.0K |
| Change in Working Capital | $227.0K |
| OPERATING CASH FLOW | -$339.0K |
| Capital Expenditure | $12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$105.0K |
| NET CASH FROM INVESTING | -$93.0K |
| Net Debt Issuance | -$102.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$102.0K |
| FREE CASH FLOW | -$327.0K |
| Net Change in Cash | -$476.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $793.0K |
| Inventory | $4M |
| Other Current Assets | $207.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $97.0K |
| Long-Term Investments | $974.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $186.0K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $13M |
| Account Payables | $436.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $346.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $12M |
| Common Stock | $0 |
| Additional Paid-In Capital | $184M |
| Retained Earnings | -$187M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $43.0K |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $13M |
| Total Debt | $8M |
| Net Debt | $5M |
