| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $15M | $18M | -8.5% | -25.5% |
| Op. Income | -$3M | -$5M | -$5M | 22.5% | 27.0% |
| Gross Margin | 30.6% | 29.2% | 34.6% | 1.4pp | -4.0pp |
| Net Margin | -41.0% | -45.8% | -55.9% | 4.8pp | 14.9pp |
| EPS (Diluted) | $-0.72 | $-0.88 | $-1.32 | 18.2% | 45.5% |
| Free Cash Flow | -$2M | -$5M | $1M | 64.9% | -263.3% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $4M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$3.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | -$1.0K |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $462.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $462.0K |
| Stock-Based Compensation | -$1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$966.0K |
| Capital Expenditure | -$891.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$891.0K |
| Net Debt Issuance | -$555.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $20M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $39M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $16M |
| Long-Term Investments | $214.0K |
| Tax Assets | $2M |
| Other Non-Current Assets | $43.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $59M |
| Account Payables | $4M |
| Short-Term Debt | $210.0K |
| Deferred Revenue | $50.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $55M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $526.0K |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $2M |
| Additional Paid-In Capital | $47M |
| Retained Earnings | -$49M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$24M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$24M |
| TOTAL LIABILITIES & EQUITY | $59M |
| Total Debt | $67M |
| Net Debt | $64M |
