| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | — | $197M | — | -16.2% |
| Op. Income | $10M | — | $27M | — | -63.6% |
| Gross Margin | 54.1% | — | 59.8% | — | -5.7pp |
| Net Margin | -74.9% | — | 9.9% | — | -84.8pp |
| EPS (Diluted) | $-85.60 | — | $12.40 | — | -790.3% |
| Free Cash Flow | $21M | — | $66M | — | -68.0% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $89M |
| R&D Expenses | $700.0K |
| Selling & Marketing | $97M |
| General & Administrative | -$19M |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$244M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$124M |
| D&A | $8M |
| EBIT | -$240M |
| EBITDA | -$233M |
| EPS | -$86 |
| EPS Diluted | -$86 |
| Item | Amount |
|---|---|
| Net Income | -$124M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $336.0K |
| Deferred Income Tax | -$36M |
| Other Non-Cash Items | $155M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $20.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $117M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $196M |
| PP&E (Net) | $59M |
| Goodwill | $170M |
| Intangible Assets | $221M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $463M |
| TOTAL ASSETS | $659M |
| Account Payables | $22M |
| Short-Term Debt | $6M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $38M |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $143M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $287M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $357M |
| Retained Earnings | -$115M |
| Treasury Stock | -$526.0K |
| Accum. Other Comp. Income | -$230.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $241M |
| Minority Interest | $131M |
| TOTAL EQUITY | $372M |
| TOTAL LIABILITIES & EQUITY | $659M |
| Total Debt | $182M |
| Net Debt | $163M |
