| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $56M | $27M | 4.8% | 113.3% |
| Op. Income | -$88M | -$82M | -$87M | -6.1% | -0.5% |
| Gross Margin | 16.4% | 32.1% | 18.8% | -15.7pp | -2.4pp |
| Net Margin | -140.5% | -120.1% | -308.5% | -20.5pp | 168.0pp |
| EPS (Diluted) | $-0.31 | $-0.26 | $-0.35 | -19.2% | 11.4% |
| Free Cash Flow | -$60M | -$66M | -$66M | 9.7% | 9.2% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $10M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $7M |
| Operating Expenses | $97M |
| Cost & Expenses | $146M |
| OPERATING INCOME | -$88M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$83M |
| Income Tax Expense | -$718.0K |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $18M |
| EBIT | -$79M |
| EBITDA | -$61M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$718.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$203M |
| Sales/Maturities of Investments | $138M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | -$445.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$82M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | -$60M |
| Net Change in Cash | -$206M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $180M |
| Short-Term Investments | $452M |
| Net Receivables | $37M |
| Inventory | $57M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $742M |
| PP&E (Net) | $69M |
| Goodwill | $462M |
| Intangible Assets | $457M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $15M |
| Short-Term Debt | $490.0K |
| Deferred Revenue | $16M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $892M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $950M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $268.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $219.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $701M |
| Minority Interest | $0 |
| TOTAL EQUITY | $701M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $934M |
| Net Debt | $754M |
