| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $497M | $446M | $362M | 11.4% | 37.3% |
| Op. Income | -$209M | -$244M | -$287M | 14.1% | 27.1% |
| Gross Margin | 58.0% | 49.9% | 44.9% | 8.1pp | 13.1pp |
| Net Margin | -34.6% | -46.2% | -69.5% | 11.6pp | 34.9pp |
| EPS (Diluted) | $-0.57 | $-0.69 | $-0.86 | 17.4% | 33.7% |
| Free Cash Flow | $63M | $19M | $20M | 233.2% | 214.4% |
| Item | Amount |
|---|---|
| REVENUE | $497M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $288M |
| R&D Expenses | $0 |
| Selling & Marketing | $147M |
| General & Administrative | $140M |
| SG&A Expenses | $287M |
| Other Expenses | $210M |
| Operating Expenses | $497M |
| Cost & Expenses | $706M |
| OPERATING INCOME | -$209M |
| Interest Income | $0 |
| Interest Expense | $74M |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | -$171M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$172M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$172M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$172M |
| D&A | $40M |
| EBIT | -$97M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$172M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $112M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $133M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$97M |
| Sales/Maturities of Investments | $262M |
| Other Investing Activities | -$146M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $192M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$43M |
| NET CASH FROM FINANCING | $149M |
| FREE CASH FLOW | $63M |
| Net Change in Cash | $229M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.0B |
| Net Receivables | $236M |
| Inventory | $0 |
| Other Current Assets | $4.7B |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $366M |
| Goodwill | $536M |
| Intangible Assets | $20M |
| Long-Term Investments | $52M |
| Tax Assets | $0 |
| Other Non-Current Assets | $314M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $8.4B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $89M |
| Long-Term Debt | $5.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $5.8B |
| TOTAL LIABILITIES | $5.8B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $8.4B |
| Total Debt | $5.7B |
| Net Debt | $4.6B |
