| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $29M | $31M | -23.2% | -29.1% |
| Op. Income | -$64M | -$65M | -$58M | 1.6% | -10.6% |
| Gross Margin | 29.9% | 57.2% | 59.2% | -27.3pp | -29.3pp |
| Net Margin | -283.1% | -214.0% | -191.2% | -69.1pp | -91.9pp |
| EPS (Diluted) | $-1.43 | $-1.41 | $-1.38 | -1.4% | -3.6% |
| Free Cash Flow | -$42M | -$51M | -$45M | 17.6% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $7M |
| R&D Expenses | $51M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $118.0K |
| Operating Expenses | $71M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$64M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $862.0K |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | -$152.0K |
| Net Income from Continuing Ops | -$63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$63M |
| D&A | $4M |
| EBIT | -$62M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$63M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $233.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $241M |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $335M |
| PP&E (Net) | $193M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $239M |
| TOTAL ASSETS | $574M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $148.0K |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $130M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $132M |
| TOTAL LIABILITIES | $262M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$705M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $312M |
| Minority Interest | $0 |
| TOTAL EQUITY | $312M |
| TOTAL LIABILITIES & EQUITY | $574M |
| Total Debt | $89M |
| Net Debt | $55M |
