| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $264M | $245M | 0.3% | 8.3% |
| Op. Income | -$12M | $16M | $13M | -175.9% | -192.6% |
| Gross Margin | 42.8% | 53.3% | 51.1% | -10.5pp | -8.3pp |
| Net Margin | -2.5% | 6.4% | 4.9% | -8.9pp | -7.4pp |
| EPS (Diluted) | $-0.06 | $0.24 | $0.17 | -126.4% | -137.3% |
| Free Cash Flow | $11M | $12M | $1M | -8.5% | 743.8% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $113M |
| R&D Expenses | $42M |
| Selling & Marketing | $56M |
| General & Administrative | $27M |
| SG&A Expenses | $83M |
| Other Expenses | $0 |
| Operating Expenses | $125M |
| Cost & Expenses | $277M |
| OPERATING INCOME | -$12M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $4M |
| EBIT | -$12M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$83M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$44M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $157M |
| Net Receivables | $126M |
| Inventory | $133M |
| Other Current Assets | $119M |
| TOTAL CURRENT ASSETS | $598M |
| PP&E (Net) | $39M |
| Goodwill | $116M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $168M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $344M |
| TOTAL ASSETS | $942M |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $37M |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $188M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $223M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$360M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$659.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $719M |
| Minority Interest | $0 |
| TOTAL EQUITY | $719M |
| TOTAL LIABILITIES & EQUITY | $942M |
| Total Debt | $12M |
| Net Debt | -$52M |
