Q4 2023 Earnings

Reported January 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$129M	$124M	—	4.6%	—
Op. Income	-$61M	-$53M	—	-16.0%	—
Gross Margin	56.3%	56.4%	—	-0.1pp	—
Net Margin	-58.8%	-53.4%	—	-5.4pp	—
EPS (Diluted)	$-0.85	$-0.73	—	-16.4%	—

Income Statement

Item	Amount
REVENUE	$129M
Cost of Revenue	$57M
GROSS PROFIT	$73M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$0
Operating Expenses	$134M
Cost & Expenses	$191M
OPERATING INCOME	-$61M
Interest Income	$829.0K
Interest Expense	$7M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	-$75M
Income Tax Expense	$1M
Net Income from Continuing Ops	-$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$76M
D&A	$0
EBIT	-$67M
EBITDA	-$67M
EPS	-$1
EPS Diluted	-$1