| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $242M | $191M | 9.6% | 38.6% |
| Op. Income | -$31M | -$37M | -$23M | 16.0% | -35.6% |
| Gross Margin | 58.8% | 55.7% | 52.3% | 3.1pp | 6.5pp |
| Net Margin | -13.2% | -14.8% | -10.2% | 1.5pp | -3.1pp |
| EPS (Diluted) | $-0.19 | $-0.20 | $-0.11 | 5.0% | -72.7% |
| Free Cash Flow | -$37M | $32M | -$80M | -214.1% | 53.5% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $156M |
| R&D Expenses | $59M |
| Selling & Marketing | $75M |
| General & Administrative | $49M |
| SG&A Expenses | $124M |
| Other Expenses | $3M |
| Operating Expenses | $187M |
| Cost & Expenses | $296M |
| OPERATING INCOME | -$31M |
| Interest Income | $2M |
| Interest Expense | $786.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $3M |
| EBIT | -$29M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $113M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $15M |
| NET CASH FROM FINANCING | $136M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $324M |
| Short-Term Investments | $0 |
| Net Receivables | $398M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $932M |
| PP&E (Net) | $26M |
| Goodwill | $55M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $35M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $256M |
| TOTAL CURRENT LIABILITIES | $367M |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $507M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$491M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $335.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $529M |
| Minority Interest | $0 |
| TOTAL EQUITY | $529M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $143M |
| Net Debt | -$181M |
