| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $13M | $13M | 2.6% | 7.2% |
| Op. Income | -$5M | -$5M | -$14M | -1.5% | 64.5% |
| Gross Margin | 59.2% | 57.4% | 50.9% | 1.7pp | 8.3pp |
| Net Margin | -40.5% | -40.4% | -111.8% | -0.1pp | 71.3pp |
| EPS (Diluted) | $-0.31 | $-0.31 | $-0.83 | 0.0% | 62.7% |
| Free Cash Flow | $8M | -$3M | -$6M | 383.3% | 234.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $8M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$5M |
| Interest Income | $146.0K |
| Interest Expense | $566.0K |
| Other Income/Expenses | -$420.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $6.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $507.0K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $507.0K |
| Stock-Based Compensation | $763.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$106.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $22.0K |
| NET CASH FROM INVESTING | -$84.0K |
| Net Debt Issuance | -$220.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$220.0K |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $616.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $57M |
| Account Payables | $3M |
| Short-Term Debt | $264.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $357.0K |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $302M |
| Retained Earnings | -$279M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $23M |
| Net Debt | -$13M |
