| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $130M | — | -11.5% | — |
| Op. Income | $7M | $199.0K | — | 3608.5% | — |
| Gross Margin | 69.7% | 59.1% | — | 10.6pp | — |
| Net Margin | -2.2% | -4.4% | — | 2.3pp | — |
| EPS (Diluted) | $-0.03 | $-0.06 | — | 56.9% | — |
| Free Cash Flow | -$153M | $84M | — | -283.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $80M |
| R&D Expenses | $15M |
| Selling & Marketing | $37M |
| General & Administrative | $26M |
| SG&A Expenses | $63M |
| Other Expenses | -$5M |
| Operating Expenses | $73M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $7M |
| Interest Income | $4M |
| Interest Expense | $11M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $588.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$115M |
| Change in Working Capital | -$41M |
| OPERATING CASH FLOW | -$153M |
| Capital Expenditure | -$75.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $111M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$248.0K |
| NET CASH FROM FINANCING | $111M |
| FREE CASH FLOW | -$153M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $36M |
| Net Receivables | $108M |
| Inventory | $0 |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $481M |
| PP&E (Net) | $17M |
| Goodwill | $192M |
| Intangible Assets | $87M |
| Long-Term Investments | $104M |
| Tax Assets | $0 |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $418M |
| TOTAL ASSETS | $899M |
| Account Payables | $9M |
| Short-Term Debt | $244.0K |
| Deferred Revenue | $249M |
| Other Current Liabilities | $129M |
| TOTAL CURRENT LIABILITIES | $462M |
| Long-Term Debt | $435M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $473M |
| TOTAL LIABILITIES | $935M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $690M |
| Retained Earnings | -$722M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$36M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$36M |
| TOTAL LIABILITIES & EQUITY | $899M |
| Total Debt | $436M |
| Net Debt | $177M |
