| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $28M | $24M | -51.3% | -44.3% |
| Op. Income | -$1M | $688.0K | -$1M | -282.4% | -18.5% |
| Gross Margin | 38.1% | 20.3% | 16.3% | 17.8pp | 21.8pp |
| Net Margin | -10.1% | 1.9% | -4.3% | -12.0pp | -5.8pp |
| EPS (Diluted) | $-0.31 | $0.12 | $-0.28 | -358.3% | -10.7% |
| Free Cash Flow | -$363.0K | -$305.0K | -$2M | -19.0% | 83.7% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $5M |
| R&D Expenses | $926.0K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $4.0K |
| Other Income/Expenses | -$5.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $93.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $956.0K |
| EBIT | -$1M |
| EBITDA | -$300.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $755.0K |
| Stock-Based Compensation | $458.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$912.0K |
| OPERATING CASH FLOW | -$351.0K |
| Capital Expenditure | -$12.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12.0K |
| Net Debt Issuance | -$37.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$37.0K |
| FREE CASH FLOW | -$363.0K |
| Net Change in Cash | -$400.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $7M |
| Other Current Assets | $935.0K |
| TOTAL CURRENT ASSETS | $44M |
| PP&E (Net) | $126.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $56M |
| Account Payables | $20M |
| Short-Term Debt | $55.0K |
| Deferred Revenue | $12.0K |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $43.0K |
| Additional Paid-In Capital | $272M |
| Retained Earnings | -$250M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $56M |
| Total Debt | $55.0K |
| Net Debt | -$9M |
