| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $74M | $79M | -2.6% | -8.4% |
| Op. Income | -$9M | -$8M | -$14M | -21.5% | 33.0% |
| Gross Margin | 67.2% | 69.1% | 66.1% | -1.9pp | 1.0pp |
| Net Margin | -22.2% | -11.7% | -28.8% | -10.5pp | 6.6pp |
| EPS (Diluted) | $-0.56 | $-0.31 | $-0.71 | -80.6% | 21.1% |
| Free Cash Flow | $9M | $18M | $6M | -51.6% | 51.1% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $48M |
| R&D Expenses | $12M |
| Selling & Marketing | $17M |
| General & Administrative | $14M |
| SG&A Expenses | $31M |
| Other Expenses | $15M |
| Operating Expenses | $58M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $633.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $18M |
| EBIT | -$10M |
| EBITDA | $7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$186.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$186.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$447.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $0 |
| Net Receivables | $45M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $5M |
| Goodwill | $354M |
| Intangible Assets | $182M |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $570M |
| TOTAL ASSETS | $870M |
| Account Payables | $8M |
| Short-Term Debt | $3M |
| Deferred Revenue | $103M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $131M |
| Long-Term Debt | $474M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $461.0K |
| TOTAL NON-CURRENT LIABILITIES | $495M |
| TOTAL LIABILITIES | $626M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $609M |
| Retained Earnings | -$489M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $244M |
| Minority Interest | $0 |
| TOTAL EQUITY | $244M |
| TOTAL LIABILITIES & EQUITY | $870M |
| Total Debt | $481M |
| Net Debt | $244M |
