| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $213M | $174M | 1.9% | 24.6% |
| Op. Income | -$111M | -$85M | -$166M | -31.5% | 33.0% |
| Gross Margin | 71.8% | 73.2% | 66.6% | -1.4pp | 5.2pp |
| Net Margin | -42.8% | -44.1% | -87.5% | 1.3pp | 44.7pp |
| EPS (Diluted) | $-0.30 | $-0.30 | $-0.52 | 0.0% | 42.3% |
| Free Cash Flow | -$32M | $7M | -$83M | -564.5% | 61.8% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $156M |
| R&D Expenses | $98M |
| Selling & Marketing | $131M |
| General & Administrative | $38M |
| SG&A Expenses | $170M |
| Other Expenses | $0 |
| Operating Expenses | $267M |
| Cost & Expenses | $329M |
| OPERATING INCOME | -$111M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $4M |
| EBIT | -$111M |
| EBITDA | -$107M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | $615.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$443M |
| Sales/Maturities of Investments | $432M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | -$32M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $336M |
| Short-Term Investments | $1.6B |
| Net Receivables | $200M |
| Inventory | $43M |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $71M |
| Goodwill | $52M |
| Intangible Assets | $3M |
| Long-Term Investments | $52.0K |
| Tax Assets | -$52.0K |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $214M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $331M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $439M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $845M |
| Minority Interest | $0 |
| TOTAL EQUITY | $845M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.1B |
| Net Debt | $776M |
