| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $51M | $36M | 14.1% | 62.2% |
| Op. Income | $8M | $5M | -$13M | 54.2% | 161.4% |
| Gross Margin | 69.1% | 72.2% | 55.3% | -3.1pp | 13.8pp |
| Net Margin | 2.4% | 3.4% | -49.8% | -1.0pp | 52.2pp |
| EPS (Diluted) | $0.00 | $0.01 | $-0.09 | -32.8% | 104.9% |
| Free Cash Flow | $16M | -$3M | -$7M | 680.4% | 311.5% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $40M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $10M |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $33M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $8M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $40M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $10M |
| SG&A Expenses | $21M |
| Other Expenses | $3M |
| Operating Expenses | $33M |
| Cost & Expenses | $51M |
| OPERATING INCOME | $8M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $148M |
| NET CASH FROM FINANCING | $142M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $155M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $238M |
| Short-Term Investments | $57M |
| Net Receivables | $15M |
| Inventory | $29M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $373M |
| PP&E (Net) | $84M |
| Goodwill | $2M |
| Intangible Assets | $1M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $475M |
| Account Payables | $10M |
| Short-Term Debt | $20M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $70M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $295M |
| TOTAL NON-CURRENT LIABILITIES | $617M |
| TOTAL LIABILITIES | $721M |
| Common Stock | $3M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$246M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$246M |
| TOTAL LIABILITIES & EQUITY | $475M |
| Total Debt | $273M |
| Net Debt | $34M |
