| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $33M | $36M | 5.9% | -2.8% |
| Op. Income | -$761.0K | -$2M | $568.0K | 68.7% | -234.0% |
| Gross Margin | 39.5% | 44.4% | 41.9% | -4.9pp | -2.4pp |
| Net Margin | -4.7% | -9.3% | 7.0% | 4.6pp | -11.7pp |
| EPS (Diluted) | $-0.04 | $-0.08 | $0.07 | 46.4% | -164.3% |
| Free Cash Flow | $845.0K | $9M | -$4M | -90.2% | 119.5% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $14M |
| R&D Expenses | $5M |
| Selling & Marketing | $518.0K |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $2M |
| Operating Expenses | $15M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$761.0K |
| Interest Income | $0 |
| Interest Expense | $404.0K |
| Other Income/Expenses | -$456.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $436.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$813.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $827.0K |
| Deferred Income Tax | $25.0K |
| Other Non-Cash Items | $157.0K |
| Change in Working Capital | -$139.0K |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$348.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$348.0K |
| Net Debt Issuance | -$542.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$147.0K |
| NET CASH FROM FINANCING | -$188.0K |
| FREE CASH FLOW | $845.0K |
| Net Change in Cash | $657.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $50M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $16M |
| Goodwill | $28M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $472.0K |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $152M |
| Account Payables | $12M |
| Short-Term Debt | $3M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $788.0K |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $888.0K |
| Deferred Tax Liabilities | $146.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $296M |
| Retained Earnings | -$219M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $78M |
| Minority Interest | $0 |
| TOTAL EQUITY | $78M |
| TOTAL LIABILITIES & EQUITY | $152M |
| Total Debt | $31M |
| Net Debt | $18M |
