| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $43M | $57M | 74.1% | 30.4% |
| Op. Income | -$30M | -$56M | -$29M | 47.3% | -3.8% |
| Gross Margin | 77.6% | 55.5% | 68.1% | 22.1pp | 9.5pp |
| Net Margin | -41.4% | -145.7% | -47.9% | 104.3pp | 6.5pp |
| EPS (Diluted) | $-0.43 | $-0.86 | $-0.38 | 50.0% | -13.2% |
| Free Cash Flow | -$40M | -$55M | -$26M | 27.6% | -51.1% |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $58M |
| R&D Expenses | $51M |
| Selling & Marketing | $10M |
| General & Administrative | $26M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $104M |
| OPERATING INCOME | -$30M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | -$842.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $1M |
| EBIT | -$30M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$100M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $77.0K |
| NET CASH FROM INVESTING | -$60M |
| Net Debt Issuance | -$14.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $161M |
| Short-Term Investments | $308M |
| Net Receivables | $89M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $568M |
| PP&E (Net) | $141M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $83M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $235M |
| TOTAL ASSETS | $803M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $56M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $134M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $667.0K |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $254M |
| Common Stock | $722.0K |
| Additional Paid-In Capital | $886M |
| Retained Earnings | -$338M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $281.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $549M |
| Minority Interest | $0 |
| TOTAL EQUITY | $549M |
| TOTAL LIABILITIES & EQUITY | $803M |
| Total Debt | $128M |
| Net Debt | -$33M |
