| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $160M | $154M | $133M | 4.3% | 20.2% |
| Op. Income | -$40M | -$39M | -$61M | -3.4% | 33.9% |
| Gross Margin | 83.1% | 82.9% | 81.1% | 0.2pp | 2.0pp |
| Net Margin | -17.5% | -20.2% | -41.7% | 2.7pp | 24.1pp |
| EPS (Diluted) | $-0.09 | $-0.11 | $-0.19 | 13.7% | 50.1% |
| Free Cash Flow | $29M | $22M | $4M | 29.5% | 608.0% |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $133M |
| R&D Expenses | $36M |
| Selling & Marketing | $92M |
| General & Administrative | $45M |
| SG&A Expenses | $137M |
| Other Expenses | $0 |
| Operating Expenses | $173M |
| Cost & Expenses | $200M |
| OPERATING INCOME | -$40M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $3M |
| EBIT | -$40M |
| EBITDA | -$37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$189M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488M |
| Short-Term Investments | $700M |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $55M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $101M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $271M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $327M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $57M |
| TOTAL LIABILITIES | $385M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$754.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $29M |
| Net Debt | -$459M |
