| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $239M | $230M | $208M | 3.9% | 14.7% |
| Op. Income | -$19M | -$26M | -$13M | 27.7% | -40.4% |
| Gross Margin | 52.9% | 51.7% | 53.8% | 1.2pp | -0.8pp |
| Net Margin | -5.2% | -8.9% | -6.6% | 3.7pp | 1.4pp |
| EPS (Diluted) | $-0.17 | $-0.28 | $-0.19 | 39.3% | 10.5% |
| Free Cash Flow | $25M | $31M | $25M | -19.8% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $239M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $127M |
| R&D Expenses | $39M |
| Selling & Marketing | $73M |
| General & Administrative | $33M |
| SG&A Expenses | $106M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $258M |
| OPERATING INCOME | -$19M |
| Interest Income | $8M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $119.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $16M |
| EBIT | -$10M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$385.0K |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $81M |
| Purchases of Investments | -$250M |
| Sales/Maturities of Investments | $241M |
| Other Investing Activities | -$81M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$493.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $587M |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $70M |
| TOTAL CURRENT ASSETS | $924M |
| PP&E (Net) | $152M |
| Goodwill | $227M |
| Intangible Assets | $38M |
| Long-Term Investments | $2M |
| Tax Assets | $4M |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $571M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $68M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $742M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $789M |
| TOTAL LIABILITIES | $956M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $942M |
| Retained Earnings | -$405M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $582.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $538M |
| Minority Interest | $0 |
| TOTAL EQUITY | $538M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $794M |
| Net Debt | $651M |
