| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $192M | $202M | $145M | -5.3% | 32.3% |
| Op. Income | $160M | $134M | $204M | 18.7% | -21.7% |
| Gross Margin | 95.8% | 95.9% | 91.6% | -0.1pp | 4.2pp |
| Net Margin | 15.9% | 1.1% | 67.1% | 14.9pp | -51.2pp |
| EPS (Diluted) | $0.17 | $-0.21 | $1.02 | 181.0% | -83.3% |
| Free Cash Flow | $31M | $45M | $26M | -29.9% | 18.5% |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $32M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $0 |
| EBIT | $160M |
| EBITDA | $160M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $192M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $184M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $32M |
| OPERATING INCOME | $160M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$129M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $0 |
| EBIT | $160M |
| EBITDA | $160M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79.0K |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | $330M |
| NET CASH FROM INVESTING | $377M |
| Net Debt Issuance | -$356M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | -$325M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $222M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $0 |
| Other Current Assets | -$299M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $12.9B |
| Account Payables | $0 |
| Short-Term Debt | $2.7B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $261M |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $186M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $10.1B |
| Net Debt | $9.9B |
