| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $68M | $52M | -11.3% | 15.9% |
| Op. Income | -$48M | -$39M | -$37M | -23.2% | -28.6% |
| Gross Margin | 25.5% | 22.1% | 3.5% | 3.4pp | 21.9pp |
| Net Margin | -84.2% | -60.0% | -71.9% | -24.2pp | -12.3pp |
| EPS (Diluted) | $-0.10 | $-0.08 | $-0.08 | -19.3% | -27.2% |
| Free Cash Flow | -$53M | -$46M | -$34M | -13.8% | -55.1% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $15M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $108M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $8M |
| EBIT | -$48M |
| EBITDA | -$40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $64.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$74M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | $74M |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $167.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $82M |
| Net Receivables | $62M |
| Inventory | $108M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $477M |
| PP&E (Net) | $220M |
| Goodwill | $71M |
| Intangible Assets | $68M |
| Long-Term Investments | $79M |
| Tax Assets | $4M |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $464M |
| TOTAL ASSETS | $941M |
| Account Payables | $29M |
| Short-Term Debt | $18M |
| Deferred Revenue | $139M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $223M |
| Long-Term Debt | $88M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $426.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $163M |
| TOTAL LIABILITIES | $387M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$624M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $555M |
| Minority Interest | $0 |
| TOTAL EQUITY | $555M |
| TOTAL LIABILITIES & EQUITY | $941M |
| Total Debt | $177M |
| Net Debt | $14M |
