| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $141M | $167M | 2.5% | -13.6% |
| Op. Income | $2M | -$813.0K | $16M | 369.7% | -86.6% |
| Gross Margin | 10.9% | 9.1% | 18.0% | 1.8pp | -7.1pp |
| Net Margin | -7.2% | -9.4% | 4.8% | 2.3pp | -11.9pp |
| EPS (Diluted) | $-0.30 | $-0.39 | $0.24 | 23.1% | -225.0% |
| Free Cash Flow | $16M | -$14M | -$11M | 215.5% | 247.0% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $16M |
| R&D Expenses | $0 |
| Selling & Marketing | -$823.0K |
| General & Administrative | $13M |
| SG&A Expenses | $12M |
| Other Expenses | $2M |
| Operating Expenses | $14M |
| Cost & Expenses | $142M |
| OPERATING INCOME | $2M |
| Interest Income | $324.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $171.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $13M |
| EBIT | $3M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $578.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $76.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$136.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $89M |
| Inventory | $54M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $184M |
| PP&E (Net) | $124M |
| Goodwill | $0 |
| Intangible Assets | $90M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $218M |
| TOTAL ASSETS | $402M |
| Account Payables | $33M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $321M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $355M |
| TOTAL LIABILITIES | $438M |
| Common Stock | $353.0K |
| Additional Paid-In Capital | $795M |
| Retained Earnings | -$826M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$36M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$36M |
| TOTAL LIABILITIES & EQUITY | $402M |
| Total Debt | $366M |
| Net Debt | $335M |
