| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $172M | $100M | -31.3% | 17.9% |
| Op. Income | -$24M | -$21M | -$26M | -13.9% | 6.0% |
| Gross Margin | 3.2% | 4.2% | 15.9% | -0.9pp | -12.7pp |
| Net Margin | -18.8% | -11.0% | -23.2% | -7.8pp | 4.4pp |
| EPS (Diluted) | $-0.15 | $-0.13 | $-0.17 | -15.4% | 11.8% |
| Free Cash Flow | $14M | -$33M | $23M | 143.1% | -38.5% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $4M |
| R&D Expenses | $8M |
| Selling & Marketing | $5M |
| General & Administrative | $16M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $142M |
| OPERATING INCOME | -$24M |
| Interest Income | $2M |
| Interest Expense | $16.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $48.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $223.0K |
| EBIT | -$22M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $223.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $56M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$16.0K |
| Common Stock Repurchased | -$314.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$497.0K |
| NET CASH FROM FINANCING | -$827.0K |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $116M |
| Inventory | $415.0K |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $280M |
| PP&E (Net) | $33M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $341M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $117M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $473M |
| Retained Earnings | -$248M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $224M |
| Minority Interest | $0 |
| TOTAL EQUITY | $224M |
| TOTAL LIABILITIES & EQUITY | $341M |
| Total Debt | $2M |
| Net Debt | -$108M |
