Revenue and profitability trend for Q4 2023 versus Q3 2023:
- Revenue: $4,519,600 in Q4 2023 vs. $4,079,036 in Q3 2023; QoQ growth of ~10.8%.
- Gross Profit: $1,862,256; Gross Margin 41.20% in Q4 2023 vs. 35.81% in Q3 2023, signaling improved margin discipline or mix.
- Operating Income: -$2,624,990 in Q4 2023 vs. -$2,677,886 in Q3 2023; slight margin improvement but still negative (-58.08% in Q4 vs. -65.65% in Q3).
- EBITDA: $1,361,998 in Q4 2023 with an EBITDA margin of 30.13% (vs. Q3 EBITDA of $560,113 and 13.73% margin), indicating a stronger cash-operating proxy despite an overall net loss.
- Net Income: -$2,881,530 in Q4 2023; Net margin -63.76% (vs. -78.62% in Q3 2023), showing some improvement in the bottom line relative to the prior quarter but remaining deeply negative.
- Interest Expense: $1,747,751; Depreciation & Amortization: $2,127,511; total non-cash/financing costs remain a meaningful drag on profitability.
- Other Income/Expenses: Net other expenses of $111,726 positively contribute to EBITDA but do not offset the larger operating and financing costs.
- Earnings per Share (EPS): -$0.217 (diluted) on 13.287 million weighted-average shares, reflecting ongoing profitability challenges attributable to financing and non-operating charges.