| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $169M | $161M | -18.6% | -14.4% |
| Op. Income | -$4M | -$361.0K | -$5M | -1090.0% | 18.8% |
| Gross Margin | 77.1% | 67.3% | 65.3% | 9.8pp | 11.9pp |
| Net Margin | -11.8% | -13.8% | -12.9% | 1.9pp | 1.1pp |
| EPS (Diluted) | $-0.09 | $-0.12 | $-0.11 | 27.1% | 20.5% |
| Free Cash Flow | $8M | $30M | $8M | -71.6% | 7.9% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $106M |
| R&D Expenses | $19M |
| Selling & Marketing | $28M |
| General & Administrative | $32M |
| SG&A Expenses | $59M |
| Other Expenses | $32M |
| Operating Expenses | $111M |
| Cost & Expenses | $142M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | -$314.0K |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $23M |
| EBIT | -$4M |
| EBITDA | $19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $0 |
| Net Receivables | $64M |
| Inventory | $0 |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $195M |
| PP&E (Net) | $8M |
| Goodwill | $918M |
| Intangible Assets | $322M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $37M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $526M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $568M |
| TOTAL LIABILITIES | $682M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$636M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $801M |
| Minority Interest | $0 |
| TOTAL EQUITY | $801M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $531M |
| Net Debt | $441M |
