| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $200M | $169M | 6.5% | 26.4% |
| Op. Income | -$85M | -$109M | -$115M | 22.0% | 26.4% |
| Gross Margin | 73.2% | 71.8% | 68.0% | 1.5pp | 5.2pp |
| Net Margin | -44.1% | -46.3% | -62.8% | 2.2pp | 18.6pp |
| EPS (Diluted) | $-0.30 | $-0.30 | $-0.37 | 0.0% | 18.9% |
| Free Cash Flow | $7M | -$13M | -$30M | 152.1% | 122.7% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $156M |
| R&D Expenses | $87M |
| Selling & Marketing | $120M |
| General & Administrative | $34M |
| SG&A Expenses | $154M |
| Other Expenses | $0 |
| Operating Expenses | $241M |
| Cost & Expenses | $298M |
| OPERATING INCOME | -$85M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $4M |
| EBIT | -$85M |
| EBITDA | -$81M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$351M |
| Sales/Maturities of Investments | $375M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $350M |
| Short-Term Investments | $1.6B |
| Net Receivables | $230M |
| Inventory | $0 |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $64M |
| Goodwill | $52M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $209M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $331M |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $487M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $35M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $810M |
| Minority Interest | $0 |
| TOTAL EQUITY | $810M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.1B |
| Net Debt | $764M |
