| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $440M | $751M | $335M | -41.4% | 31.2% |
| Op. Income | -$116M | $214M | -$189M | -154.4% | 38.3% |
| Gross Margin | 80.5% | 88.8% | 84.7% | -8.3pp | -4.2pp |
| Net Margin | -31.4% | 19.7% | -61.9% | -51.0pp | 30.6pp |
| EPS (Diluted) | $-1.10 | $1.15 | $-1.68 | -195.7% | 34.5% |
| Free Cash Flow | -$45M | $342M | -$154M | -113.2% | 70.6% |
| Item | Amount |
|---|---|
| REVENUE | $440M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $354M |
| R&D Expenses | $272M |
| Selling & Marketing | $0 |
| General & Administrative | $198M |
| SG&A Expenses | $198M |
| Other Expenses | $0 |
| Operating Expenses | $470M |
| Cost & Expenses | $556M |
| OPERATING INCOME | -$116M |
| Interest Income | $30M |
| Interest Expense | $31M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$138M |
| Income Tax Expense | $183.0K |
| Net Income from Continuing Ops | -$138M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$138M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$138M |
| D&A | $13M |
| EBIT | -$106M |
| EBITDA | -$93M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$138M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$53M |
| Other Non-Cash Items | $99M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $225M |
| Purchases of Investments | -$589M |
| Sales/Maturities of Investments | $364M |
| Other Investing Activities | -$225M |
| NET CASH FROM INVESTING | -$241M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$220M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $813M |
| Short-Term Investments | $1.6B |
| Net Receivables | $328M |
| Inventory | $89M |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $726M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $847M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $56M |
| Short-Term Debt | $55M |
| Deferred Revenue | $103M |
| Other Current Liabilities | $122M |
| TOTAL CURRENT LIABILITIES | $968M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $188M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $308M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.8B |
| Retained Earnings | -$7.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$221M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$221M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $2.7B |
| Net Debt | $1.9B |
