| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | $152M | $139M | 2.4% | 12.1% |
| Op. Income | -$19M | -$24M | -$26M | 23.2% | 29.6% |
| Gross Margin | 43.5% | 41.0% | 41.0% | 2.4pp | 2.5pp |
| Net Margin | -9.2% | -12.2% | -16.4% | 3.0pp | 7.1pp |
| EPS (Diluted) | $-0.55 | $-0.75 | $-0.90 | 26.7% | 38.9% |
| Free Cash Flow | $11M | -$10M | -$8M | 209.8% | 230.5% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $88M |
| GROSS PROFIT | $68M |
| R&D Expenses | $7M |
| Selling & Marketing | $18M |
| General & Administrative | $60M |
| SG&A Expenses | $78M |
| Other Expenses | $1M |
| Operating Expenses | $86M |
| Cost & Expenses | $174M |
| OPERATING INCOME | -$19M |
| Interest Income | $5M |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$960.0K |
| 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 | $18M |
| EBIT | -$14M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$960.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$4.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $342M |
| Short-Term Investments | $73M |
| Net Receivables | $131M |
| Inventory | $24M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $597M |
| PP&E (Net) | $184M |
| Goodwill | $523M |
| Intangible Assets | $373M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $538M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $643M |
| TOTAL LIABILITIES | $740M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$247M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $942M |
| Minority Interest | $0 |
| TOTAL EQUITY | $942M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $612M |
| Net Debt | $269M |
