| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $35M | $24M | 24.2% | 83.3% |
| Op. Income | -$30M | -$26M | -$25M | -15.4% | -18.0% |
| Gross Margin | 48.8% | 53.8% | 44.9% | -5.0pp | 3.9pp |
| Net Margin | -63.1% | -70.1% | -118.5% | 7.0pp | 55.4pp |
| EPS (Diluted) | $-0.54 | $-0.51 | $-0.63 | -5.9% | 14.3% |
| Free Cash Flow | -$34M | -$25M | -$26M | -35.5% | -28.7% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $21M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $73M |
| OPERATING INCOME | -$30M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $1M |
| EBIT | -$26M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$83.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$25M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $40M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $351M |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $919.0K |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $405M |
| Account Payables | $13M |
| Short-Term Debt | $2M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $51M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $517.0K |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $124M |
| Common Stock | $0 |
| Additional Paid-In Capital | $735M |
| Retained Earnings | -$455M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $84.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $281M |
| Minority Interest | $0 |
| TOTAL EQUITY | $281M |
| TOTAL LIABILITIES & EQUITY | $405M |
| Total Debt | $79M |
| Net Debt | -$178M |
