| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $647M | $628M | $553M | 3.0% | 17.0% |
| Op. Income | -$68M | $7M | -$119M | -1090.5% | 42.9% |
| Gross Margin | 73.4% | 73.2% | 73.4% | 0.3pp | 0.1pp |
| Net Margin | -7.7% | 0.1% | -23.1% | -7.8pp | 15.4pp |
| EPS (Diluted) | $-0.27 | $0.00 | $-0.72 | -6379.1% | 62.5% |
| Free Cash Flow | $35M | -$826.0K | -$21M | 4292.1% | 266.2% |
| Item | Amount |
|---|---|
| REVENUE | $647M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $475M |
| R&D Expenses | $115M |
| Selling & Marketing | $58M |
| General & Administrative | $353M |
| SG&A Expenses | $411M |
| Other Expenses | $17M |
| Operating Expenses | $543M |
| Cost & Expenses | $715M |
| OPERATING INCOME | -$68M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | -$610.0K |
| Net Income from Continuing Ops | -$50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$50M |
| D&A | $54M |
| EBIT | -$44M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$50M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $59M |
| Deferred Income Tax | -$676.0K |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $70M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$65M |
| Sales/Maturities of Investments | $55M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $605M |
| Short-Term Investments | $172M |
| Net Receivables | $204M |
| Inventory | $127M |
| Other Current Assets | $86M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $842M |
| Goodwill | $2.4B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $177M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $79M |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $262M |
| TOTAL CURRENT LIABILITIES | $515M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $336M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$3.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $2.6B |
| Net Debt | $1.9B |
