| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $145M | $131M | 6.8% | 18.1% |
| Op. Income | -$2M | -$2M | -$3M | -23.4% | 26.4% |
| Gross Margin | 60.4% | 60.8% | 62.3% | -0.4pp | -1.8pp |
| Net Margin | 9.9% | -2.3% | -4.0% | 12.2pp | 13.9pp |
| EPS (Diluted) | $0.10 | $-0.02 | $-0.04 | 591.0% | 345.5% |
| Free Cash Flow | $29M | $9M | $24M | 218.5% | 21.9% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $94M |
| R&D Expenses | $13M |
| Selling & Marketing | $37M |
| General & Administrative | $37M |
| SG&A Expenses | $74M |
| Other Expenses | $9M |
| Operating Expenses | $96M |
| Cost & Expenses | $157M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$22M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $20M |
| EBIT | -$2M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $221.0K |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$651.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $10M |
| Net Receivables | $142M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $115M |
| Goodwill | $258M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $42M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $493M |
| TOTAL ASSETS | $760M |
| Account Payables | $24M |
| Short-Term Debt | $3M |
| Deferred Revenue | $290M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $441M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $507M |
| Common Stock | $154.0K |
| Additional Paid-In Capital | $275M |
| Retained Earnings | -$586.0K |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $253M |
| Minority Interest | $0 |
| TOTAL EQUITY | $253M |
| TOTAL LIABILITIES & EQUITY | $760M |
| Total Debt | $67M |
| Net Debt | -$1M |
