| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | $207M | $211M | 3.6% | 1.3% |
| Op. Income | -$9M | -$1M | -$5M | -604.9% | -82.0% |
| Gross Margin | 23.6% | 25.5% | 24.8% | -2.0pp | -1.2pp |
| Net Margin | -10.8% | -5.9% | 69.6% | -4.9pp | -80.4pp |
| EPS (Diluted) | $-5.25 | $-2.78 | $-13.15 | -88.8% | 60.1% |
| Free Cash Flow | $8M | -$812.0K | -$15M | 1095.8% | 153.0% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $164M |
| GROSS PROFIT | $50M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $59M |
| Operating Expenses | $59M |
| Cost & Expenses | $223M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $558.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $9M |
| EBIT | -$9M |
| EBITDA | $687.0K |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $731.0K |
| Deferred Income Tax | -$80.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$957.0K |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $0 |
| Net Receivables | $225M |
| Inventory | $39M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $322M |
| PP&E (Net) | $168M |
| Goodwill | $0 |
| Intangible Assets | $63M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $566M |
| Account Payables | $36M |
| Short-Term Debt | $19M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $175M |
| Long-Term Debt | $301M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $520M |
| Common Stock | $1M |
| Additional Paid-In Capital | $459M |
| Retained Earnings | -$377M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $566M |
| Total Debt | $356M |
| Net Debt | $320M |
