| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $303M | $551M | $725M | -45.1% | -58.2% |
| Op. Income | -$10M | $118M | $157M | -108.7% | -106.5% |
| Gross Margin | 48.5% | 47.5% | 42.9% | 0.9pp | 5.6pp |
| Net Margin | 6.9% | 20.7% | 21.2% | -13.8pp | -14.3pp |
| EPS (Diluted) | $0.15 | $0.80 | $1.06 | -81.3% | -85.8% |
| Free Cash Flow | $15M | $122M | $237M | -87.4% | -93.5% |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $147M |
| R&D Expenses | $55M |
| Selling & Marketing | $53M |
| General & Administrative | $33M |
| SG&A Expenses | $87M |
| Other Expenses | $15M |
| Operating Expenses | $157M |
| Cost & Expenses | $313M |
| OPERATING INCOME | -$10M |
| Interest Income | $20M |
| Interest Expense | $2M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $21M |
| EBIT | $14M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$96M |
| Purchases of Investments | -$338M |
| Sales/Maturities of Investments | $434M |
| Other Investing Activities | $96M |
| NET CASH FROM INVESTING | $76M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$115M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $289M |
| Short-Term Investments | $1.4B |
| Net Receivables | $446M |
| Inventory | $214M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $188M |
| Goodwill | $215M |
| Intangible Assets | $69M |
| Long-Term Investments | $0 |
| Tax Assets | $252M |
| Other Non-Current Assets | $216M |
| TOTAL NON-CURRENT ASSETS | $939M |
| TOTAL ASSETS | $3.4B |
| Account Payables | $116M |
| Short-Term Debt | $0 |
| Deferred Revenue | $118M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $532M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $369M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $204M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $939M |
| Retained Earnings | $46M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $984M |
| Minority Interest | $0 |
| TOTAL EQUITY | $984M |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.3B |
| Net Debt | $1.0B |
