| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $36M | $61M | 19.4% | -30.3% |
| Op. Income | -$27M | -$25M | -$6M | -9.1% | -379.2% |
| Gross Margin | 55.9% | 56.1% | 62.1% | -0.2pp | -6.2pp |
| Net Margin | -47.2% | -51.0% | -2.5% | 3.9pp | -44.7pp |
| EPS (Diluted) | $-0.89 | $-0.81 | $-0.07 | -9.9% | -1155.3% |
| Free Cash Flow | $14M | -$15M | -$3M | 195.1% | 583.8% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $24M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $21M |
| Other Expenses | $8M |
| Operating Expenses | $51M |
| Cost & Expenses | $70M |
| OPERATING INCOME | -$27M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $10.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $4M |
| EBIT | -$20M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$121M |
| Sales/Maturities of Investments | $139M |
| Other Investing Activities | -$39M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | $563.0K |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $519M |
| Net Receivables | $22M |
| Inventory | $66M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $623M |
| PP&E (Net) | $63M |
| Goodwill | $87M |
| Intangible Assets | $177M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $328M |
| TOTAL ASSETS | $952M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $121M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $117M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $244M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $796M |
| Retained Earnings | -$88M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $708M |
| Minority Interest | $0 |
| TOTAL EQUITY | $708M |
| TOTAL LIABILITIES & EQUITY | $952M |
| Total Debt | $8M |
| Net Debt | -$1M |
