| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $638M | $647M | $602M | -1.4% | 5.8% |
| Op. Income | -$107M | -$68M | -$77M | -57.3% | -38.4% |
| Gross Margin | 70.0% | 73.4% | 74.0% | -3.4pp | -3.9pp |
| Net Margin | -17.3% | -7.7% | -12.3% | -9.6pp | -5.0pp |
| EPS (Diluted) | $-0.60 | $-0.27 | $-0.42 | -122.2% | -42.9% |
| Free Cash Flow | -$120M | $35M | -$68M | -446.4% | -77.5% |
| Item | Amount |
|---|---|
| REVENUE | $638M |
| Cost of Revenue | $191M |
| GROSS PROFIT | $446M |
| R&D Expenses | $111M |
| Selling & Marketing | $218M |
| General & Administrative | $220M |
| SG&A Expenses | $437M |
| Other Expenses | $5M |
| Operating Expenses | $553M |
| Cost & Expenses | $744M |
| OPERATING INCOME | -$107M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$108M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$110M |
| D&A | $54M |
| EBIT | -$102M |
| EBITDA | -$48M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$110M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $60M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$108M |
| OPERATING CASH FLOW | -$82M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | -$237.0K |
| Purchases of Investments | -$177M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$205.0K |
| NET CASH FROM INVESTING | -$171M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$120M |
| Net Change in Cash | -$258M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $347M |
| Short-Term Investments | $305M |
| Net Receivables | $241M |
| Inventory | $129M |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $844M |
| Goodwill | $2.4B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $178M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $60M |
| Short-Term Debt | $299M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $685M |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$499.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $2.6B |
| Net Debt | $2.2B |
