| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $45M | $130M | 10.1% | -62.4% |
| Op. Income | -$29M | -$26M | -$66M | -12.1% | 55.8% |
| Gross Margin | 37.8% | 44.9% | -9.3% | -7.1pp | 47.0pp |
| Net Margin | -76.8% | -89.9% | -39.7% | 13.1pp | -37.1pp |
| EPS (Diluted) | $-0.54 | $-0.58 | $-0.75 | 8.0% | 28.1% |
| Free Cash Flow | -$88M | -$85M | -$73M | -3.5% | -20.0% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $19M |
| R&D Expenses | $21M |
| Selling & Marketing | $17M |
| General & Administrative | $15M |
| SG&A Expenses | $32M |
| Other Expenses | -$5M |
| Operating Expenses | $48M |
| Cost & Expenses | $78M |
| OPERATING INCOME | -$29M |
| Interest Income | $568.2K |
| Interest Expense | $13M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $3M |
| EBIT | -$20M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$61M |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.2K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $147M |
| Short-Term Investments | $0 |
| Net Receivables | $49M |
| Inventory | $52M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $307M |
| PP&E (Net) | $183M |
| Goodwill | $0 |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $242M |
| TOTAL ASSETS | $549M |
| Account Payables | $21M |
| Short-Term Debt | $52M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $186M |
| Long-Term Debt | $155M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $202M |
| TOTAL LIABILITIES | $388M |
| Common Stock | $24M |
| Additional Paid-In Capital | $694M |
| Retained Earnings | -$645M |
| Treasury Stock | -$754.1K |
| Accum. Other Comp. Income | $77M |
| Other Equity | $11M |
| TOTAL STOCKHOLDERS' EQUITY | $161M |
| Minority Interest | $0 |
| TOTAL EQUITY | $161M |
| TOTAL LIABILITIES & EQUITY | $549M |
| Total Debt | $244M |
| Net Debt | $97M |
