| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $183M | $185M | $188M | -0.7% | -2.3% |
| Op. Income | -$1M | $4M | -$27M | -139.9% | 94.7% |
| Gross Margin | 70.2% | 70.1% | 64.5% | 0.1pp | 5.7pp |
| Net Margin | -8.4% | -5.1% | -13.9% | -3.3pp | 5.5pp |
| EPS (Diluted) | $-0.13 | $-0.08 | $-0.22 | -58.3% | 40.9% |
| Free Cash Flow | $23M | $8M | $3M | 178.4% | 790.2% |
| Item | Amount |
|---|---|
| REVENUE | $183M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $129M |
| R&D Expenses | $35M |
| Selling & Marketing | $69M |
| General & Administrative | $26M |
| SG&A Expenses | $95M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $185M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $13M |
| EBIT | -$4M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $16M |
| Net Receivables | $77M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $236M |
| PP&E (Net) | $105M |
| Goodwill | $266M |
| Intangible Assets | $102M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $108M |
| TOTAL NON-CURRENT ASSETS | $592M |
| TOTAL ASSETS | $828M |
| Account Payables | $43M |
| Short-Term Debt | $75M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $236M |
| Long-Term Debt | $407M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $487M |
| TOTAL LIABILITIES | $724M |
| Common Stock | $119.0K |
| Additional Paid-In Capital | $924M |
| Retained Earnings | -$808M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $0 |
| TOTAL EQUITY | $105M |
| TOTAL LIABILITIES & EQUITY | $828M |
| Total Debt | $544M |
| Net Debt | $422M |
