| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $16M | $17M | 25.2% | 18.9% |
| Op. Income | -$4M | -$8M | -$3M | 46.0% | -37.2% |
| Gross Margin | 44.7% | 42.9% | 53.1% | 1.8pp | -8.4pp |
| Net Margin | -18.7% | -43.7% | -11.5% | 25.0pp | -7.2pp |
| EPS (Diluted) | $-0.07 | $-0.12 | $-0.03 | 45.2% | -125.3% |
| Free Cash Flow | -$2M | -$4M | -$2M | 40.3% | -42.8% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $9M |
| R&D Expenses | $7M |
| Selling & Marketing | -$6M |
| General & Administrative | $12M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$4M |
| Interest Income | $463.0K |
| Interest Expense | $22.0K |
| Other Income/Expenses | $435.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $39.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$13.0K |
| Other Non-Cash Items | $12.0K |
| Change in Working Capital | -$238.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$548.0K |
| Acquisitions (Net) | $15M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$548.0K |
| Net Debt Issuance | -$438.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | -$438.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $4M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $11M |
| Goodwill | $18M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $96M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $31M |
| Common Stock | $486M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$477M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $52M |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $96M |
| Total Debt | $5M |
| Net Debt | -$43M |
