| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $45M | $92M | 43.1% | -30.7% |
| Op. Income | -$59M | -$81M | -$69M | 27.2% | 14.9% |
| Gross Margin | 42.2% | 44.6% | 43.3% | -2.3pp | -1.1pp |
| Net Margin | -326.2% | -621.2% | -69.4% | 295.1pp | -256.8pp |
| EPS (Diluted) | $-8.59 | $-11.56 | $-2.81 | 25.7% | -205.7% |
| Free Cash Flow | -$19M | -$14M | -$48M | -36.2% | 60.3% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $27M |
| R&D Expenses | $47M |
| Selling & Marketing | $10M |
| General & Administrative | $27M |
| SG&A Expenses | $38M |
| Other Expenses | $1M |
| Operating Expenses | $86M |
| Cost & Expenses | $123M |
| OPERATING INCOME | -$59M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$150M |
| INCOME BEFORE TAX | -$209M |
| Income Tax Expense | $18.0K |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$209M |
| D&A | $6M |
| EBIT | -$209M |
| EBITDA | -$203M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Net Income | -$209M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $18.0K |
| Other Non-Cash Items | $153M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $24.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$72.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $12M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $54M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $145M |
| TOTAL ASSETS | $395M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $65M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $207M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $189M |
| Minority Interest | $0 |
| TOTAL EQUITY | $189M |
| TOTAL LIABILITIES & EQUITY | $395M |
| Total Debt | $77M |
| Net Debt | -$141M |
