| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $185M | $118M | -21.3% | 24.0% |
| Op. Income | -$29M | -$23M | -$42M | -26.9% | 30.3% |
| Gross Margin | 43.4% | 41.2% | 39.0% | 2.2pp | 4.4pp |
| Net Margin | -22.0% | -11.9% | -36.6% | -10.1pp | 14.7pp |
| EPS (Diluted) | $-0.19 | $-0.13 | $-0.26 | -46.2% | 26.9% |
| Free Cash Flow | -$55M | $89M | -$30M | -161.8% | -84.6% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $63M |
| R&D Expenses | $24M |
| Selling & Marketing | $57M |
| General & Administrative | $12M |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $175M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$720.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$29M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $76M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$882.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$58M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $990.0K |
| NET CASH FROM INVESTING | $108.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $120.0K |
| NET CASH FROM FINANCING | $120.0K |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $182M |
| Short-Term Investments | $116M |
| Net Receivables | $100M |
| Inventory | $0 |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $459M |
| PP&E (Net) | $33M |
| Goodwill | $368M |
| Intangible Assets | $73M |
| Long-Term Investments | $168M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $648M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $195M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$489M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $887M |
| Minority Interest | $0 |
| TOTAL EQUITY | $887M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $22M |
| Net Debt | -$159M |
