| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $25M | $46M | 188.6% | 58.6% |
| Op. Income | $51M | -$2M | $26M | 2712.8% | 94.9% |
| Gross Margin | 32.8% | 97.6% | 100.0% | -64.8pp | -67.2pp |
| Net Margin | 69.6% | -12.6% | 57.8% | 82.2pp | 11.9pp |
| EPS (Diluted) | $0.96 | $-0.06 | $0.55 | 1678.9% | 74.5% |
| Free Cash Flow | -$17M | $16M | $44M | -209.9% | -139.4% |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $24M |
| R&D Expenses | $17M |
| Selling & Marketing | $566.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$49M |
| Operating Expenses | -$26M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $51M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $387.0K |
| 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 | $38.0K |
| EBIT | $51M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $24M |
| R&D Expenses | $17M |
| Selling & Marketing | $566.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$49M |
| Operating Expenses | -$26M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $51M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $52M |
| Income Tax Expense | $387.0K |
| 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 | $38.0K |
| EBIT | $51M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $38.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $249.0K |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1.0K |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $47M |
| Tax Assets | $0 |
| Other Non-Current Assets | $435.0K |
| TOTAL NON-CURRENT ASSETS | $51M |
| TOTAL ASSETS | $182M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $87.0K |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $498M |
| Retained Earnings | -$391M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $107M |
| Minority Interest | $0 |
| TOTAL EQUITY | $107M |
| TOTAL LIABILITIES & EQUITY | $182M |
| Total Debt | $6M |
| Net Debt | -$71M |
