| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $22M | — | 22.2% | — |
| Op. Income | -$109M | -$63M | — | -72.2% | — |
| Gross Margin | -2.9% | 0.0% | — | -2.9pp | — |
| Net Margin | -413.6% | -339.6% | — | -74.0pp | — |
| EPS (Diluted) | $-10.20 | $-7.11 | — | -43.6% | — |
| Free Cash Flow | -$15M | -$36M | — | 57.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $28M |
| GROSS PROFIT | -$773.0K |
| R&D Expenses | $16M |
| Selling & Marketing | $2M |
| General & Administrative | $27M |
| SG&A Expenses | $29M |
| Other Expenses | $62M |
| Operating Expenses | $108M |
| Cost & Expenses | $135M |
| OPERATING INCOME | -$109M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$111M |
| Income Tax Expense | $267.0K |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$111M |
| D&A | $2M |
| EBIT | -$48M |
| EBITDA | -$47M |
| EPS | -$10 |
| EPS Diluted | -$10 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $250.0K |
| Other Non-Cash Items | $62M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | $4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$42.0K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $18M |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $111M |
| Account Payables | $19M |
| Short-Term Debt | $16M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $188M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $525M |
| Retained Earnings | -$603M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$77M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$77M |
| TOTAL LIABILITIES & EQUITY | $111M |
| Total Debt | $47M |
| Net Debt | $46M |
