| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | — | $4M | — | 854.9% |
| Op. Income | -$2M | — | -$24M | — | 93.2% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -35.2% | — | -890.2% | — | 854.9pp |
| EPS (Diluted) | $-0.36 | — | $-1.03 | — | 64.8% |
| Free Cash Flow | $6M | — | -$23M | — | 124.5% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $38M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $3M |
| Operating Expenses | $40M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $136.8K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | -$222.1K |
| EBIT | $1M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $902.6K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$5.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19.9K |
| NET CASH FROM INVESTING | -$25.7K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $57M |
| NET CASH FROM FINANCING | $57M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $0 |
| Other Current Assets | $1.2K |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $9.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $349.6K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $110M |
| Account Payables | $8M |
| Short-Term Debt | $4M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $49M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $380.0K |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $2M |
| Additional Paid-In Capital | $366M |
| Retained Earnings | -$46M |
| Treasury Stock | -$266.6K |
| Accum. Other Comp. Income | -$323M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $110M |
| Total Debt | $59M |
| Net Debt | -$29M |
