| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $553M | $376M | -20.8% | 16.5% |
| Op. Income | $29M | $138M | $100M | -78.7% | -70.7% |
| Gross Margin | 65.4% | 61.7% | 64.0% | 3.7pp | 1.4pp |
| Net Margin | -7.6% | 13.3% | 18.0% | -20.9pp | -25.6pp |
| EPS (Diluted) | $-0.18 | $0.40 | $0.37 | -144.1% | -146.9% |
| Free Cash Flow | $112M | $242M | $106M | -53.7% | 5.7% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $286M |
| R&D Expenses | $0 |
| Selling & Marketing | $96M |
| General & Administrative | $153M |
| SG&A Expenses | $250M |
| Other Expenses | $7M |
| Operating Expenses | $257M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $56M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$667.6K |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1.2K |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $25M |
| EBIT | $48M |
| EBITDA | $74M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | -$610.3K |
| Change in Working Capital | $51M |
| OPERATING CASH FLOW | $138M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | -$707.6K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $112M |
| Net Change in Cash | $64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $11M |
| Net Receivables | $138M |
| Inventory | $696M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $478M |
| Goodwill | $1.9B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $5.6B |
| Account Payables | $93M |
| Short-Term Debt | $44M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $150M |
| TOTAL CURRENT LIABILITIES | $443M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $128M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $214M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | $264M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.6B |
| Total Debt | $2.3B |
| Net Debt | $1.9B |
