| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $278M | $275M | 6.3% | 7.4% |
| Op. Income | $32M | $22M | -$16M | 46.6% | 307.8% |
| Gross Margin | 54.0% | 56.1% | 51.3% | -2.2pp | 2.6pp |
| Net Margin | 1.8% | 3.2% | -7.7% | -1.4pp | 9.6pp |
| EPS (Diluted) | $0.10 | $0.17 | $-0.41 | -41.2% | 124.4% |
| Free Cash Flow | -$4M | $127M | $12M | -103.0% | -130.8% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $159M |
| R&D Expenses | $39M |
| Selling & Marketing | $52M |
| General & Administrative | $24M |
| SG&A Expenses | $76M |
| Other Expenses | $12M |
| Operating Expenses | $127M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $32M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $28M |
| EBIT | $43M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $159M |
| R&D Expenses | $39M |
| Selling & Marketing | $52M |
| General & Administrative | $24M |
| SG&A Expenses | $76M |
| Other Expenses | $12M |
| Operating Expenses | $127M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $32M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $28M |
| EBIT | $43M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$442.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $37M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $336M |
| NET CASH FROM FINANCING | $354M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $338M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $796M |
| TOTAL CURRENT ASSETS | $930M |
| PP&E (Net) | $136M |
| Goodwill | $1.1B |
| Intangible Assets | $742M |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $25M |
| Short-Term Debt | $19M |
| Deferred Revenue | $393M |
| Other Current Liabilities | $696M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $760M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $93M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $906M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $69.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $199M |
| Treasury Stock | -$592M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $809M |
| Minority Interest | $0 |
| TOTAL EQUITY | $809M |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $820M |
| Net Debt | $788M |
