| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $156M | $162M | $159M | -3.6% | -1.8% |
| Op. Income | $6M | -$43M | $2M | 113.3% | 255.5% |
| Gross Margin | 36.8% | 40.5% | 43.2% | -3.7pp | -6.4pp |
| Net Margin | -9.6% | -29.2% | -1.5% | 19.6pp | -8.1pp |
| EPS (Diluted) | $-0.22 | $-0.68 | $0.02 | 67.6% | -1282.8% |
| Free Cash Flow | -$12M | -$16M | -$20M | 22.3% | 38.1% |
| Item | Amount |
|---|---|
| REVENUE | $156M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $58M |
| R&D Expenses | $25M |
| Selling & Marketing | $4M |
| General & Administrative | $31M |
| SG&A Expenses | $35M |
| Other Expenses | -$8M |
| Operating Expenses | $52M |
| Cost & Expenses | $151M |
| OPERATING INCOME | $6M |
| Interest Expense | $2M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $637.0K |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $12M |
| EBIT | $354.0K |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $16M |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$92M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | -$28.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$433.0K |
| NET CASH FROM FINANCING | -$432.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $83M |
| Short-Term Investments | $80M |
| Net Receivables | $172M |
| Inventory | $193M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $560M |
| PP&E (Net) | $216M |
| Goodwill | $100M |
| Intangible Assets | $128M |
| Long-Term Investments | $115M |
| Tax Assets | $1M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $574M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $53M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $723.0K |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $249M |
| Common Stock | $195.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $885M |
| Minority Interest | $0 |
| TOTAL EQUITY | $885M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $19M |
| Net Debt | -$64M |
