| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | $151M | $168M | 147.0% | 122.0% |
| Op. Income | -$11M | -$499M | -$177M | 97.8% | 93.8% |
| Gross Margin | 48.0% | 66.2% | 61.9% | -18.2pp | -13.9pp |
| Net Margin | -2.9% | -327.8% | -107.7% | 324.9pp | 104.8pp |
| EPS (Diluted) | $-0.02 | $-0.85 | $-0.28 | 97.8% | 93.2% |
| Free Cash Flow | $89M | -$22M | -$51M | 504.5% | 274.5% |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $194M |
| GROSS PROFIT | $179M |
| R&D Expenses | $54M |
| Selling & Marketing | $45M |
| General & Administrative | $54M |
| SG&A Expenses | $99M |
| Other Expenses | $37M |
| Operating Expenses | $190M |
| Cost & Expenses | $384M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $16M |
| EBIT | -$6M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $168M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | $99M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $358M |
| Short-Term Investments | $158M |
| Net Receivables | $128M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $696M |
| PP&E (Net) | $68M |
| Goodwill | $596M |
| Intangible Assets | $192M |
| Long-Term Investments | $35M |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $978M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $21M |
| Short-Term Debt | $389M |
| Deferred Revenue | $177M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $736M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $815M |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $859M |
| Minority Interest | $0 |
| TOTAL EQUITY | $859M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $441M |
| Net Debt | $83M |
