| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $480M | $472M | $424M | 1.6% | 13.1% |
| Op. Income | $82M | -$18M | -$48M | 565.2% | 270.1% |
| Gross Margin | 95.5% | 96.0% | 96.2% | -0.6pp | -0.8pp |
| Net Margin | 17.8% | 0.2% | -7.1% | 17.6pp | 24.9pp |
| EPS (Diluted) | $0.27 | $0.00 | $-0.09 | 8081.8% | 389.4% |
| Free Cash Flow | -$3M | $23M | -$39M | -110.9% | 93.4% |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $458M |
| R&D Expenses | $245M |
| Selling & Marketing | $40M |
| General & Administrative | $91M |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $376M |
| Cost & Expenses | $398M |
| OPERATING INCOME | $82M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $7M |
| EBIT | $82M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $480M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $458M |
| R&D Expenses | $245M |
| Selling & Marketing | $40M |
| General & Administrative | $91M |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $376M |
| Cost & Expenses | $398M |
| OPERATING INCOME | $82M |
| Interest Income | $21M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | $103M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $86M |
| D&A | $7M |
| EBIT | $82M |
| EBITDA | $88M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $86M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$130M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $153M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $62M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$209M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$206M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $263M |
| Short-Term Investments | $732M |
| Net Receivables | $237M |
| Inventory | $17M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $471M |
| Goodwill | $64M |
| Intangible Assets | $0 |
| Long-Term Investments | $729M |
| Tax Assets | $361M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $394M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $284M |
| TOTAL LIABILITIES | $678M |
| Common Stock | $303.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$173M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $190M |
| Net Debt | -$73M |
