| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $39M | $64M | 16.6% | -29.8% |
| Op. Income | -$7M | -$6M | $7M | -18.3% | -207.0% |
| Gross Margin | 92.4% | 92.1% | 90.3% | 0.2pp | 2.0pp |
| Net Margin | -5.3% | 0.4% | 10.6% | -5.7pp | -15.9pp |
| EPS (Diluted) | $-0.04 | $0.00 | $0.12 | -1837.5% | -134.8% |
| Free Cash Flow | -$4M | -$2M | $9M | -92.1% | -143.5% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $42M |
| R&D Expenses | $24M |
| Selling & Marketing | $500.0K |
| General & Administrative | $23M |
| SG&A Expenses | $24M |
| Other Expenses | $953.0K |
| Operating Expenses | $49M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $739.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$253.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$55M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | -$101M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $136M |
| Short-Term Investments | $252M |
| Net Receivables | $34M |
| Inventory | $1M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $433M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $121M |
| Long-Term Investments | $0 |
| Tax Assets | $75M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $215M |
| TOTAL ASSETS | $648M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $104M |
| Common Stock | $58.0K |
| Additional Paid-In Capital | $700M |
| Retained Earnings | -$155M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $545M |
| Minority Interest | $0 |
| TOTAL EQUITY | $545M |
| TOTAL LIABILITIES & EQUITY | $648M |
| Total Debt | $9M |
| Net Debt | -$126M |
