| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $115M | $88M | 0.9% | 30.7% |
| Op. Income | -$40M | -$60M | -$68M | 33.6% | 41.9% |
| Gross Margin | 49.2% | 20.5% | 34.8% | 28.7pp | 14.3pp |
| Net Margin | -36.7% | -53.7% | -72.1% | 17.0pp | 35.3pp |
| EPS (Diluted) | $-0.61 | $-0.88 | $-0.92 | 30.7% | 33.7% |
| Free Cash Flow | -$19M | -$9M | -$31M | -117.6% | 40.7% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $29M |
| SG&A Expenses | $54M |
| Other Expenses | $43M |
| Operating Expenses | $96M |
| Cost & Expenses | $155M |
| OPERATING INCOME | -$40M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $3M |
| 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 | $5M |
| EBIT | -$40M |
| EBITDA | -$35M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $800.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $673M |
| Net Receivables | $383M |
| Inventory | $0 |
| Other Current Assets | -$1.5B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $35M |
| Goodwill | $19M |
| Intangible Assets | $23M |
| Long-Term Investments | $673M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$750M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.6B |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$83M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$85M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $924M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $709M |
| Minority Interest | $0 |
| TOTAL EQUITY | $709M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $43M |
| Net Debt | -$221M |
