| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $83M | $83M | 3.8% | 3.2% |
| Op. Income | -$42M | -$5M | $4M | -701.5% | -1079.4% |
| Gross Margin | 49.1% | 47.0% | 44.6% | 2.1pp | 4.5pp |
| Net Margin | -49.5% | -4.3% | 3.0% | -45.2pp | -52.5pp |
| EPS (Diluted) | $-2.92 | $-0.24 | $0.17 | -1116.7% | -1817.6% |
| Free Cash Flow | -$17M | $3M | -$2M | -704.8% | -601.1% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $42M |
| R&D Expenses | $10M |
| Selling & Marketing | $6M |
| General & Administrative | $22M |
| SG&A Expenses | $28M |
| Other Expenses | $46M |
| Operating Expenses | $84M |
| Cost & Expenses | $128M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $10M |
| EBIT | -$42M |
| EBITDA | -$31M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $40M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$37M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $56M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $64M |
| Inventory | $475.0K |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $111M |
| PP&E (Net) | $14M |
| Goodwill | $172M |
| Intangible Assets | $140M |
| Long-Term Investments | $1M |
| Tax Assets | $27M |
| Other Non-Current Assets | -$19M |
| TOTAL NON-CURRENT ASSETS | $335M |
| TOTAL ASSETS | $434M |
| Account Payables | $10M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $195M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $200M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $196M |
| Retained Earnings | $8M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $187M |
| Minority Interest | $0 |
| TOTAL EQUITY | $187M |
| TOTAL LIABILITIES & EQUITY | $434M |
| Total Debt | $203M |
| Net Debt | $199M |
