| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $239M | $218M | 3.3% | 13.1% |
| Op. Income | -$21M | -$19M | -$29M | -11.3% | 28.6% |
| Gross Margin | 53.6% | 52.9% | 52.0% | 0.7pp | 1.6pp |
| Net Margin | -2.9% | -5.2% | -12.5% | 2.3pp | 9.6pp |
| EPS (Diluted) | $-0.10 | $-0.17 | $-0.38 | 43.4% | 74.7% |
| Free Cash Flow | $17M | $25M | $22M | -32.0% | -20.8% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $132M |
| R&D Expenses | $42M |
| Selling & Marketing | $81M |
| General & Administrative | $31M |
| SG&A Expenses | $112M |
| Other Expenses | $0 |
| Operating Expenses | $153M |
| Cost & Expenses | $268M |
| OPERATING INCOME | -$21M |
| Interest Income | $11M |
| Interest Expense | $3M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $989.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $16M |
| EBIT | -$4M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $45M |
| Deferred Income Tax | $248.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $99.0K |
| Purchases of Investments | -$525M |
| Sales/Maturities of Investments | $273M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$267M |
| Net Debt Issuance | $426M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | $331M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $240M |
| Short-Term Investments | $843M |
| Net Receivables | $104M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $154M |
| Goodwill | $227M |
| Intangible Assets | $36M |
| Long-Term Investments | $2M |
| Tax Assets | $4M |
| Other Non-Current Assets | $160M |
| TOTAL NON-CURRENT ASSETS | $582M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $67M |
| Other Current Liabilities | $54M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $896M |
| Retained Earnings | -$412M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$303.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $484M |
| Minority Interest | $0 |
| TOTAL EQUITY | $484M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.2B |
| Net Debt | $969M |
