| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $204M | $257M | -57.4% | -66.3% |
| Op. Income | -$73M | $12M | $24M | -698.4% | -403.7% |
| Gross Margin | 57.7% | 58.4% | 61.1% | -0.7pp | -3.4pp |
| Net Margin | -80.4% | 5.1% | 9.9% | -85.4pp | -90.2pp |
| EPS (Diluted) | $-2.19 | $0.32 | $0.76 | -784.4% | -388.2% |
| Free Cash Flow | $15M | -$38M | $7M | 138.5% | 100.1% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $50M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $6M |
| Operating Expenses | $123M |
| Cost & Expenses | $160M |
| OPERATING INCOME | -$73M |
| Interest Income | $4M |
| Interest Expense | $942.0K |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$85M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70M |
| D&A | $13M |
| EBIT | -$70M |
| EBITDA | -$57M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $55M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | -$125.0K |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$950.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $212M |
| Net Receivables | $29M |
| Inventory | $194M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $738M |
| PP&E (Net) | $146M |
| Goodwill | $376M |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $123M |
| TOTAL NON-CURRENT ASSETS | $705M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $57M |
| Short-Term Debt | $45M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $234M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $65M |
| Net Debt | -$163M |
