| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $102M | $99M | $77M | 3.1% | 31.3% |
| Op. Income | -$42M | -$37M | -$40M | -14.7% | -5.7% |
| Gross Margin | 67.9% | 66.1% | 66.6% | 1.8pp | 1.3pp |
| Net Margin | -38.1% | -34.3% | -51.1% | -3.9pp | 13.0pp |
| EPS (Diluted) | $-0.40 | $-0.36 | $-0.42 | -11.1% | 4.8% |
| Free Cash Flow | $22M | -$2M | $16M | 1226.8% | 38.3% |
| Item | Amount |
|---|---|
| REVENUE | $102M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $69M |
| R&D Expenses | $30M |
| Selling & Marketing | $49M |
| General & Administrative | $32M |
| SG&A Expenses | $81M |
| Other Expenses | -$1M |
| Operating Expenses | $110M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$42M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $388.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $2M |
| EBIT | -$42M |
| EBITDA | -$40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$892.0K |
| Acquisitions (Net) | $852.0K |
| Purchases of Investments | -$46M |
| Sales/Maturities of Investments | $71M |
| Other Investing Activities | -$852.0K |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $117M |
| Short-Term Investments | $386M |
| Net Receivables | $67M |
| Inventory | $3M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $67M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $55M |
| TOTAL NON-CURRENT ASSETS | $123M |
| TOTAL ASSETS | $721M |
| Account Payables | $4M |
| Short-Term Debt | $13M |
| Deferred Revenue | $181M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $245M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$38M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $285M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $833M |
| Retained Earnings | -$392M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $435M |
| Minority Interest | $1M |
| TOTAL EQUITY | $436M |
| TOTAL LIABILITIES & EQUITY | $721M |
| Total Debt | $52M |
| Net Debt | -$64M |
