| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $168M | $178M | $191M | -5.7% | -12.1% |
| Op. Income | $20M | $37M | $42M | -45.4% | -52.4% |
| Gross Margin | 59.2% | 64.5% | 63.5% | -5.3pp | -4.3pp |
| Net Margin | -30.5% | 12.8% | 18.3% | -43.3pp | -48.7pp |
| EPS (Diluted) | $-0.80 | $0.36 | $0.53 | -322.2% | -250.9% |
| Free Cash Flow | -$24M | $11M | $43M | -320.1% | -157.1% |
| Item | Amount |
|---|---|
| REVENUE | $168M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $99M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $79M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $20M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$80M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $11M |
| EBIT | $20M |
| EBITDA | $31M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$18M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$1.2B |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5.0K |
| NET CASH FROM INVESTING | -$1.2B |
| Net Debt Issuance | $895M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | $883M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$382M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $236M |
| Short-Term Investments | $0 |
| Net Receivables | $162M |
| Inventory | $208M |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $723M |
| PP&E (Net) | $169M |
| Goodwill | $1.3B |
| Intangible Assets | $215M |
| Long-Term Investments | $0 |
| Tax Assets | $64M |
| Other Non-Current Assets | $117M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $101M |
| Short-Term Debt | $43M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $397M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $785.0K |
| Additional Paid-In Capital | $471M |
| Retained Earnings | $858M |
| Treasury Stock | -$578M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $756M |
| Minority Interest | $183.0K |
| TOTAL EQUITY | $756M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
