| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $171M | $182M | $153M | -6.0% | 11.9% |
| Op. Income | -$4M | -$2M | -$2M | -95.4% | -91.7% |
| Gross Margin | -0.6% | 1.4% | 2.6% | -1.9pp | -3.2pp |
| Net Margin | -1.0% | -2.9% | -1.6% | 1.9pp | 0.6pp |
| EPS (Diluted) | $-4.10 | $-14.10 | $-0.83 | 70.9% | -392.8% |
| Free Cash Flow | $182.0K | -$17M | $3M | 101.1% | -94.3% |
| Item | Amount |
|---|---|
| REVENUE | $171M |
| Cost of Revenue | $172M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $175M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $149.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$33.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $291.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $291.0K |
| Stock-Based Compensation | -$814.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $843.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | $5M |
| Acquisitions (Net) | -$1.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $212.0K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $182.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $3M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $113M |
| PP&E (Net) | $14M |
| Goodwill | $2M |
| Intangible Assets | $3M |
| Long-Term Investments | $46M |
| Tax Assets | -$46M |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $65M |
| TOTAL ASSETS | $178M |
| Account Payables | $3M |
| Short-Term Debt | $7M |
| Deferred Revenue | $47M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $622.0K |
| Deferred Revenue NC | $48M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $154M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $108M |
| Retained Earnings | -$87M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $3M |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $178M |
| Total Debt | $9M |
| Net Debt | $7M |
