| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | $154M | $156M | 19.7% | 17.8% |
| Op. Income | -$55M | -$95M | -$23M | 41.8% | -139.0% |
| Gross Margin | 62.9% | 62.2% | 76.4% | 0.8pp | -13.5pp |
| Net Margin | -26.6% | -60.5% | -11.0% | 33.9pp | -15.6pp |
| EPS (Diluted) | $-0.41 | $-0.79 | $-0.15 | 48.1% | -173.3% |
| Free Cash Flow | $22M | -$41M | -$26M | 154.8% | 185.8% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $116M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $86M |
| Other Expenses | $20M |
| Operating Expenses | $171M |
| Cost & Expenses | $239M |
| OPERATING INCOME | -$55M |
| Interest Income | $5M |
| Interest Expense | $8.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $12M |
| EBIT | -$47M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $359M |
| Short-Term Investments | $29M |
| Net Receivables | $115M |
| Inventory | $74M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $596M |
| PP&E (Net) | $345M |
| Goodwill | $5M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $369M |
| TOTAL ASSETS | $965M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $13M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$429.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $741M |
| Minority Interest | $0 |
| TOTAL EQUITY | $741M |
| TOTAL LIABILITIES & EQUITY | $965M |
| Total Debt | $95M |
| Net Debt | -$264M |
