| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $250M | $213M | 4.4% | 22.5% |
| Op. Income | -$106M | -$94M | -$85M | -12.9% | -24.9% |
| Gross Margin | 74.1% | 74.5% | 73.2% | -0.4pp | 0.9pp |
| Net Margin | -33.7% | -29.6% | -44.1% | -4.1pp | 10.4pp |
| EPS (Diluted) | $-0.27 | $-0.23 | $-0.30 | -17.4% | 10.0% |
| Free Cash Flow | $29M | $9M | $7M | 211.9% | 327.0% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $194M |
| R&D Expenses | $115M |
| Selling & Marketing | $145M |
| General & Administrative | $39M |
| SG&A Expenses | $185M |
| Other Expenses | $0 |
| Operating Expenses | $299M |
| Cost & Expenses | $367M |
| OPERATING INCOME | -$106M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $6M |
| EBIT | -$106M |
| EBITDA | -$100M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | $46.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$367M |
| Sales/Maturities of Investments | $384M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $386M |
| Short-Term Investments | $1.5B |
| Net Receivables | $314M |
| Inventory | $0 |
| Other Current Assets | $126M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $87M |
| Goodwill | $164M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $344M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $379M |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $589M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $961M |
| Minority Interest | $0 |
| TOTAL EQUITY | $961M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $1.1B |
| Net Debt | $724M |
