| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | $303M | $726M | -13.0% | -63.7% |
| Op. Income | -$29M | -$10M | $168M | -184.4% | -117.4% |
| Gross Margin | 43.9% | 48.5% | 45.0% | -4.6pp | -1.1pp |
| Net Margin | -6.1% | 6.9% | 20.2% | -13.0pp | -26.3pp |
| EPS (Diluted) | $-0.12 | $0.15 | $1.02 | -180.0% | -111.8% |
| Free Cash Flow | $42M | $15M | $224M | 172.1% | -81.3% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $116M |
| R&D Expenses | $54M |
| Selling & Marketing | $53M |
| General & Administrative | $35M |
| SG&A Expenses | $88M |
| Other Expenses | $2M |
| Operating Expenses | $145M |
| Cost & Expenses | $292M |
| OPERATING INCOME | -$29M |
| Interest Income | $20M |
| Interest Expense | $2M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $20M |
| EBIT | -$9M |
| EBITDA | $11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $61M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$472M |
| Sales/Maturities of Investments | $497M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $18M |
| Net Debt Issuance | -$2.0K |
| Common Stock Repurchased | -$42M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$59M |
| NET CASH FROM FINANCING | -$101M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $254M |
| Short-Term Investments | $1.4B |
| Net Receivables | $405M |
| Inventory | $208M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $178M |
| Goodwill | $214M |
| Intangible Assets | $63M |
| Long-Term Investments | $201M |
| Tax Assets | $262M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $930M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $72M |
| Short-Term Debt | $97M |
| Deferred Revenue | $120M |
| Other Current Liabilities | $244M |
| TOTAL CURRENT LIABILITIES | $554M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $359M |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $941M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $923M |
| Minority Interest | $0 |
| TOTAL EQUITY | $923M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
