| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $113M | $95M | -7.2% | 10.7% |
| Op. Income | -$10M | $4M | -$6M | -335.4% | -69.5% |
| Gross Margin | 30.2% | 37.5% | 38.0% | -7.4pp | -7.8pp |
| Net Margin | -12.9% | 0.1% | -8.2% | -13.0pp | -4.7pp |
| EPS (Diluted) | $-3.00 | $0.02 | $-2.60 | -12395.1% | -15.4% |
| Free Cash Flow | $13M | -$5M | -$9M | 383.0% | 235.9% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $32M |
| R&D Expenses | $11M |
| Selling & Marketing | $18M |
| General & Administrative | $13M |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $376.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $3M |
| EBIT | -$10M |
| EBITDA | -$7M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$72.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $0 |
| Net Receivables | $72M |
| Inventory | $45M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $153M |
| PP&E (Net) | $27M |
| Goodwill | $13M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $214M |
| Account Payables | $36M |
| Short-Term Debt | $5M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $83M |
| Deferred Revenue NC | $35M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $298M |
| Common Stock | $936.0K |
| Additional Paid-In Capital | $702M |
| Retained Earnings | -$786M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$84M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$84M |
| TOTAL LIABILITIES & EQUITY | $214M |
| Total Debt | $100M |
| Net Debt | $74M |
