| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $3M | — | -59.4% | — |
| Op. Income | -$21M | -$17M | — | -23.4% | — |
| Gross Margin | -1054.1% | -356.8% | — | -697.3pp | — |
| Net Margin | -1916.7% | -450.2% | — | -1466.5pp | — |
| EPS (Diluted) | $-0.76 | $-0.45 | — | -71.4% | — |
| Free Cash Flow | -$19M | -$17M | — | -13.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $15M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | -$14M |
| Operating Expenses | $7M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$21M |
| Interest Income | $1M |
| Interest Expense | $14.0K |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $766.2K |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $766.2K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$394.6K |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | -$381.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.5K |
| NET CASH FROM FINANCING | -$379.3K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $152M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $269.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $252M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $28M |
| Common Stock | $5M |
| Additional Paid-In Capital | $465M |
| Retained Earnings | -$244M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $252M |
| Total Debt | $5M |
| Net Debt | -$81M |
