| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $17M | — | 10.1% | — |
| Op. Income | -$12M | -$13M | — | 6.3% | — |
| Gross Margin | 7.2% | 11.9% | — | -4.7pp | — |
| Net Margin | -75.2% | -84.5% | — | 9.2pp | — |
| EPS (Diluted) | $-2.33 | $-2.40 | — | 2.9% | — |
| Free Cash Flow | -$852.0K | -$8M | — | 89.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $1M |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $14.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $218.0K |
| EBIT | -$12M |
| EBITDA | -$12M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $413.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$631.0K |
| Capital Expenditure | -$221.0K |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $1M |
| Sales/Maturities of Investments | $91.0K |
| Other Investing Activities | -$91.0K |
| NET CASH FROM INVESTING | -$221.0K |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$450.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$852.0K |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $16M |
| Inventory | $38M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $94M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $198M |
| Retained Earnings | -$153M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $45M |
| Minority Interest | $0 |
| TOTAL EQUITY | $45M |
| TOTAL LIABILITIES & EQUITY | $94M |
| Total Debt | $31M |
| Net Debt | $19M |
