| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $660M | $645M | $581M | 2.2% | 13.6% |
| Op. Income | -$284.0K | -$27M | -$25M | 99.0% | 98.9% |
| Gross Margin | 79.2% | 79.9% | 77.4% | -0.8pp | 1.8pp |
| Net Margin | 0.7% | -4.6% | -5.2% | 5.4pp | 6.0pp |
| EPS (Diluted) | $0.02 | $-0.15 | $-0.15 | 116.1% | 116.1% |
| Free Cash Flow | $113M | $36M | $70M | 213.3% | 60.7% |
| Item | Amount |
|---|---|
| REVENUE | $660M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $522M |
| R&D Expenses | $126M |
| Selling & Marketing | $305M |
| General & Administrative | $92M |
| SG&A Expenses | $396M |
| Other Expenses | $253.0K |
| Operating Expenses | $522M |
| Cost & Expenses | $660M |
| OPERATING INCOME | -$284.0K |
| Interest Income | $7M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $567.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $22M |
| EBIT | $4M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $146M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | $137M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $112M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $113M |
| Net Change in Cash | $89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $722M |
| Short-Term Investments | $310M |
| Net Receivables | $529M |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $341M |
| Goodwill | $354M |
| Intangible Assets | $70M |
| Long-Term Investments | $186M |
| Tax Assets | $0 |
| Other Non-Current Assets | $430M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $24M |
| Short-Term Debt | $723M |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $2.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $11M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $187M |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $617M |
| Minority Interest | $0 |
| TOTAL EQUITY | $617M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $888M |
| Net Debt | $166M |
