| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $76M | $73M | $75M | 4.6% | 0.5% |
| Op. Income | -$16M | -$22M | -$16M | 26.0% | -1.9% |
| Gross Margin | 20.1% | 13.2% | 22.1% | 6.8pp | -2.1pp |
| Net Margin | -32.7% | -43.4% | -34.7% | 10.7pp | 2.0pp |
| EPS (Diluted) | $-7.02 | $-9.09 | $-8.07 | 22.8% | 13.0% |
| Free Cash Flow | -$31M | -$25M | -$27M | -26.0% | -14.0% |
| Item | Amount |
|---|---|
| REVENUE | $76M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $15M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $500.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $30M |
| EBIT | -$19M |
| EBITDA | $11M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $164M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $5M |
| Tax Assets | $256M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $432M |
| TOTAL ASSETS | $535M |
| Account Payables | $12M |
| Short-Term Debt | $5M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $307M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $256M |
| Other Non-Current Liabilities | $700.0K |
| TOTAL NON-CURRENT LIABILITIES | $609M |
| TOTAL LIABILITIES | $657M |
| Common Stock | $0 |
| Additional Paid-In Capital | $931M |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$122M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$122M |
| TOTAL LIABILITIES & EQUITY | $535M |
| Total Debt | $357M |
| Net Debt | $273M |
