| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | $64M | $57M | 5.0% | 16.8% |
| Op. Income | -$50M | -$61M | -$57M | 17.6% | 11.9% |
| Gross Margin | 36.6% | 34.4% | 44.9% | 2.3pp | -8.3pp |
| Net Margin | -69.1% | -90.0% | -89.2% | 21.0pp | 20.1pp |
| EPS (Diluted) | $-0.81 | $-1.01 | $-0.91 | 19.8% | 11.0% |
| Free Cash Flow | -$23M | -$28M | -$18M | 17.3% | -30.3% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $25M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $3M |
| Operating Expenses | $75M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$50M |
| Interest Income | $4M |
| Interest Expense | $1.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$222.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $9M |
| EBIT | -$46M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $221.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $441.0K |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$213M |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $213M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $442.0K |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $50M |
| Net Receivables | $44M |
| Inventory | $32M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $424M |
| PP&E (Net) | $203M |
| Goodwill | $86M |
| Intangible Assets | $54M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $776M |
| Account Payables | $14M |
| Short-Term Debt | $15M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $475.0K |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$756.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $623M |
| Minority Interest | $0 |
| TOTAL EQUITY | $623M |
| TOTAL LIABILITIES & EQUITY | $776M |
| Total Debt | $94M |
| Net Debt | -$192M |
