| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $3M | $3M | 15.6% | 49.2% |
| Op. Income | -$12M | $5M | -$45M | -344.9% | 73.4% |
| Gross Margin | 39.9% | 36.8% | 19.5% | 3.1pp | 20.4pp |
| Net Margin | -615.4% | 189.0% | -1584.7% | -804.4pp | 969.3pp |
| EPS (Diluted) | $-1.18 | $-0.75 | $-5.11 | -56.4% | 76.9% |
| Free Cash Flow | -$10M | -$18M | -$21M | 47.4% | 53.8% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $7M |
| Selling & Marketing | -$6M |
| General & Administrative | $13M |
| SG&A Expenses | $7M |
| Other Expenses | -$3M |
| Operating Expenses | $11M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $207.2K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $557.5K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | -$13M |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $70.2K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $70.2K |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $390.7K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$212.9K |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $787.1K |
| Net Debt Issuance | -$394.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $263.8K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $7M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $23M |
| PP&E (Net) | $6M |
| Goodwill | $7M |
| Intangible Assets | $6.0K |
| Long-Term Investments | $0 |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $50M |
| Account Payables | $13M |
| Short-Term Debt | $864.6K |
| Deferred Revenue | $105.0K |
| Other Current Liabilities | $100.0K |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | -$451.2K |
| Deferred Tax Liabilities | $451.2K |
| Other Non-Current Liabilities | $29.9K |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $30M |
| Common Stock | $939.7K |
| Additional Paid-In Capital | $284M |
| Retained Earnings | -$257M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$581.5K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $50M |
| Total Debt | $14M |
| Net Debt | $5M |
