| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $165M | $157M | $136M | 5.1% | 21.9% |
| Op. Income | -$2M | -$5M | -$36M | 60.5% | 94.9% |
| Gross Margin | 76.2% | 74.2% | 70.7% | 2.0pp | 5.6pp |
| Net Margin | -0.4% | -3.7% | -27.2% | 3.3pp | 26.8pp |
| EPS (Diluted) | $-0.00 | $-0.02 | $-0.14 | 88.9% | 98.2% |
| Free Cash Flow | $16M | -$2M | -$18M | 1071.4% | 190.2% |
| Item | Amount |
|---|---|
| REVENUE | $165M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $126M |
| R&D Expenses | $20M |
| Selling & Marketing | $83M |
| General & Administrative | $24M |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $167M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $635.0K |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$667.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$666.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$667.0K |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | -$240.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$667.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $166.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$177M |
| Sales/Maturities of Investments | $178M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $188M |
| Short-Term Investments | $390M |
| Net Receivables | $210M |
| Inventory | $0 |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $863M |
| PP&E (Net) | $39M |
| Goodwill | $50M |
| Intangible Assets | $16M |
| Long-Term Investments | $69M |
| Tax Assets | -$69M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $162M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $30M |
| Short-Term Debt | $0 |
| Deferred Revenue | $324M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $459M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $476M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$497M |
| Treasury Stock | -$24M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $549M |
| Minority Interest | $0 |
| TOTAL EQUITY | $549M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $17M |
| Net Debt | -$172M |
