| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $26M | $27M | -42.6% | -44.3% |
| Op. Income | -$8M | $5M | $5M | -282.5% | -273.4% |
| Gross Margin | 64.1% | 79.4% | 81.7% | -15.3pp | -17.7pp |
| Net Margin | -32.4% | 11.5% | -15.6% | -44.0pp | -16.8pp |
| EPS (Diluted) | $-0.04 | $0.02 | $-0.03 | -263.7% | -21.9% |
| Free Cash Flow | $16M | $20M | $22M | -17.4% | -28.0% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $10M |
| R&D Expenses | $2M |
| Selling & Marketing | $4M |
| General & Administrative | $12M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$8M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $316.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $335.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $335.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $273.0K |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$590.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$570.0K |
| NET CASH FROM INVESTING | -$590.0K |
| Net Debt Issuance | -$937.0K |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$970.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $240M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $290M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $70M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $374M |
| Account Payables | $375.0K |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $139M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $148M |
| TOTAL LIABILITIES | $168M |
| Common Stock | $1M |
| Additional Paid-In Capital | $502M |
| Retained Earnings | -$194M |
| Treasury Stock | -$104M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $206M |
| Minority Interest | $0 |
| TOTAL EQUITY | $206M |
| TOTAL LIABILITIES & EQUITY | $374M |
| Total Debt | $148M |
| Net Debt | -$92M |
