| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $296M | $286M | $246M | 3.5% | 20.3% |
| Op. Income | $408.0K | -$3M | -$9M | 111.7% | 104.4% |
| Gross Margin | 13.5% | 12.3% | 13.7% | 1.2pp | -0.1pp |
| Net Margin | -0.7% | -1.4% | -3.8% | 0.7pp | 3.0pp |
| EPS (Diluted) | $-0.05 | $-0.10 | $-0.23 | 46.7% | 77.5% |
| Free Cash Flow | $14M | $7M | -$4M | 93.2% | 403.6% |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $256M |
| GROSS PROFIT | $40M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $20M |
| Operating Expenses | $40M |
| Cost & Expenses | $295M |
| OPERATING INCOME | $408.0K |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $130.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $3M |
| EBIT | $2M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $43M |
| Other Investing Activities | $165.0K |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$337.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$468.0K |
| NET CASH FROM FINANCING | $569.0K |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $148M |
| Short-Term Investments | $130M |
| Net Receivables | $268M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $562M |
| PP&E (Net) | $104M |
| Goodwill | $44M |
| Intangible Assets | $19M |
| Long-Term Investments | -$55M |
| Tax Assets | $6M |
| Other Non-Current Assets | $104M |
| TOTAL NON-CURRENT ASSETS | $221M |
| TOTAL ASSETS | $783M |
| Account Payables | $11M |
| Short-Term Debt | $1M |
| Deferred Revenue | $235M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $344M |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $135M |
| TOTAL LIABILITIES | $479M |
| Common Stock | $0 |
| Additional Paid-In Capital | $536M |
| Retained Earnings | -$216M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $403.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $304M |
| Minority Interest | $0 |
| TOTAL EQUITY | $304M |
| TOTAL LIABILITIES & EQUITY | $783M |
| Total Debt | $129M |
| Net Debt | -$19M |
