| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $216M | $169M | -9.9% | 15.3% |
| Op. Income | $13M | $17M | $11M | -25.6% | 17.9% |
| Gross Margin | 16.6% | 16.5% | 17.6% | 0.1pp | -1.0pp |
| Net Margin | -3.7% | 10.8% | -1.4% | -14.6pp | -2.4pp |
| EPS (Diluted) | $-0.07 | $0.25 | $-0.03 | -129.2% | -190.4% |
| Free Cash Flow | $14M | $18M | $6M | -20.3% | 129.4% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $6M |
| Operating Expenses | $20M |
| Cost & Expenses | $182M |
| OPERATING INCOME | $13M |
| Interest Income | $280.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $674.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $6M |
| EBIT | $2M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $210.0K |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $902.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $41M |
| Inventory | $48M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $127M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $547M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $579M |
| TOTAL ASSETS | $706M |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $899.0K |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $158M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $272M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $777M |
| Retained Earnings | -$344M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $434M |
| Minority Interest | $0 |
| TOTAL EQUITY | $434M |
| TOTAL LIABILITIES & EQUITY | $706M |
| Total Debt | $171M |
| Net Debt | $143M |
