| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $165M | $145M | 4.9% | 19.6% |
| Op. Income | -$3M | -$2M | -$23M | -75.6% | 86.2% |
| Gross Margin | 75.8% | 76.2% | 71.2% | -0.4pp | 4.6pp |
| Net Margin | 1.6% | -0.4% | -17.4% | 2.0pp | 19.1pp |
| EPS (Diluted) | $0.01 | $-0.00 | $-0.10 | 500.0% | 110.2% |
| Free Cash Flow | $14M | $16M | -$6M | -12.5% | 344.2% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $131M |
| R&D Expenses | $21M |
| Selling & Marketing | $89M |
| General & Administrative | $25M |
| SG&A Expenses | $114M |
| Other Expenses | $0 |
| Operating Expenses | $135M |
| Cost & Expenses | $177M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $1M |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$102M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $418M |
| Net Receivables | $188M |
| Inventory | $0 |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $851M |
| PP&E (Net) | $41M |
| Goodwill | -$17M |
| Intangible Assets | $67M |
| Long-Term Investments | $5M |
| Tax Assets | -$5M |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $173M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $22M |
| Short-Term Debt | $7M |
| Deferred Revenue | $322M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $429M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $631.0K |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $445M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$494M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $579M |
| Minority Interest | $0 |
| TOTAL EQUITY | $579M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $17M |
| Net Debt | -$169M |
