| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $446M | $381M | $364M | 17.0% | 22.4% |
| Op. Income | -$244M | -$310M | -$277M | 21.4% | 12.0% |
| Gross Margin | 49.9% | 40.4% | 49.8% | 9.4pp | 0.0pp |
| Net Margin | -46.2% | -54.0% | -51.2% | 7.8pp | 5.0pp |
| EPS (Diluted) | $-0.69 | $-0.69 | $-0.65 | 0.0% | -6.2% |
| Free Cash Flow | $19M | -$85M | -$112M | 122.3% | 117.0% |
| Item | Amount |
|---|---|
| REVENUE | $446M |
| Cost of Revenue | $224M |
| GROSS PROFIT | $222M |
| R&D Expenses | $0 |
| Selling & Marketing | $145M |
| General & Administrative | $128M |
| SG&A Expenses | $273M |
| Other Expenses | $193M |
| Operating Expenses | $466M |
| Cost & Expenses | $690M |
| OPERATING INCOME | -$244M |
| Interest Income | $0 |
| Interest Expense | $63M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | -$207M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$206M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$206M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$206M |
| D&A | $43M |
| EBIT | -$144M |
| EBITDA | -$101M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$206M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $165M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$516M |
| Sales/Maturities of Investments | $410M |
| Other Investing Activities | -$646M |
| NET CASH FROM INVESTING | -$777M |
| Net Debt Issuance | $618M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $610M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | -$122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $892M |
| Short-Term Investments | $1.2B |
| Net Receivables | $199M |
| Inventory | $0 |
| Other Current Assets | $4.6B |
| TOTAL CURRENT ASSETS | $6.9B |
| PP&E (Net) | $320M |
| Goodwill | $543M |
| Intangible Assets | $34M |
| Long-Term Investments | $43M |
| Tax Assets | $23M |
| Other Non-Current Assets | $292M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $8.2B |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $93M |
| Long-Term Debt | $5.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $5.5B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $8.2B |
| Total Debt | $5.5B |
| Net Debt | $4.6B |
