| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $46M | $38M | -8.5% | 11.2% |
| Op. Income | -$49M | -$71M | -$57M | 31.4% | 14.7% |
| Gross Margin | 56.9% | 57.2% | 50.4% | -0.3pp | 6.5pp |
| Net Margin | -113.5% | -151.7% | -153.3% | 38.2pp | 39.8pp |
| EPS (Diluted) | $-0.33 | $-0.48 | $-0.40 | 31.2% | 17.5% |
| Free Cash Flow | -$40M | -$28M | -$62M | -41.2% | 35.8% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $24M |
| R&D Expenses | $30M |
| Selling & Marketing | $22M |
| General & Administrative | $20M |
| SG&A Expenses | $42M |
| Other Expenses | $423.0K |
| Operating Expenses | $73M |
| Cost & Expenses | $91M |
| OPERATING INCOME | -$49M |
| Interest Income | $4M |
| Interest Expense | $3M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $5M |
| EBIT | -$45M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $44.0K |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $238M |
| Net Receivables | $42M |
| Inventory | $13M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $374M |
| PP&E (Net) | $116M |
| Goodwill | $119M |
| Intangible Assets | $5M |
| Long-Term Investments | $3M |
| Tax Assets | -$3M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $246M |
| TOTAL ASSETS | $620M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $263M |
| TOTAL LIABILITIES | $346M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$106.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $275M |
| Minority Interest | -$147.0K |
| TOTAL EQUITY | $275M |
| TOTAL LIABILITIES & EQUITY | $620M |
| Total Debt | $96M |
| Net Debt | $25M |
