| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | — | $32M | — | -4.7% |
| Op. Income | -$37M | — | -$40M | — | 6.2% |
| Gross Margin | 25.3% | — | 16.5% | — | 8.8pp |
| Net Margin | -126.5% | — | -129.5% | — | 3.0pp |
| EPS (Diluted) | $-0.77 | — | $-0.86 | — | 10.5% |
| Free Cash Flow | -$25M | — | -$37M | — | 30.4% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $8M |
| R&D Expenses | $13M |
| Selling & Marketing | $22M |
| General & Administrative | $10M |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$37M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $112.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $1M |
| EBIT | -$35M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $846.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$24M |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $135M |
| Net Receivables | $33M |
| Inventory | $49M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $291M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $605.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $314M |
| Account Payables | $6M |
| Short-Term Debt | $2M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $101.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $896.0K |
| TOTAL NON-CURRENT LIABILITIES | $136M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$962M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $68.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $314M |
| Total Debt | $136M |
| Net Debt | $68M |
