| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $296M | $273M | $200M | 8.6% | 47.8% |
| Op. Income | -$41M | -$54M | -$83M | 23.6% | 50.3% |
| Gross Margin | 82.2% | 82.1% | 78.3% | 0.2pp | 3.9pp |
| Net Margin | -5.4% | -11.4% | -42.4% | 6.1pp | 37.1pp |
| EPS (Diluted) | $-0.15 | $-0.29 | $-0.82 | 48.3% | 81.7% |
| Free Cash Flow | $73M | $24M | -$15M | 204.0% | 587.7% |
| Item | Amount |
|---|---|
| REVENUE | $296M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $243M |
| R&D Expenses | $82M |
| Selling & Marketing | $117M |
| General & Administrative | $73M |
| SG&A Expenses | $191M |
| Other Expenses | $12M |
| Operating Expenses | $285M |
| Cost & Expenses | $337M |
| OPERATING INCOME | -$41M |
| Interest Income | $31M |
| Interest Expense | $5M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $738.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $25M |
| EBIT | -$11M |
| EBITDA | $14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$192.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$349M |
| Sales/Maturities of Investments | $773M |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | $379M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $259M |
| NET CASH FROM FINANCING | $195M |
| FREE CASH FLOW | $73M |
| Net Change in Cash | $655M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.0B |
| Net Receivables | $487M |
| Inventory | $0 |
| Other Current Assets | $3.4B |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $151M |
| Goodwill | $2.4B |
| Intangible Assets | $361M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $9.6B |
| Account Payables | $9M |
| Short-Term Debt | $135M |
| Deferred Revenue | $3.4B |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $410.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$856M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $9.6B |
| Total Debt | $1.9B |
| Net Debt | $295M |
