| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $134M | $140M | 38.8% | 32.6% |
| Op. Income | -$23M | -$36M | -$35M | 35.2% | 34.3% |
| Gross Margin | 41.2% | 42.3% | 39.9% | -1.1pp | 1.2pp |
| Net Margin | -11.9% | -24.8% | -20.4% | 12.8pp | 8.4pp |
| EPS (Diluted) | $-0.13 | $-0.20 | $-0.18 | 35.0% | 27.8% |
| Free Cash Flow | $89M | $26M | $60M | 239.7% | 47.9% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $76M |
| R&D Expenses | $25M |
| Selling & Marketing | $59M |
| General & Administrative | $15M |
| SG&A Expenses | $74M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $208M |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $2.0K |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $6M |
| EBIT | -$23M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$28M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $90M |
| Capital Expenditure | -$890.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $244.0K |
| NET CASH FROM FINANCING | $229.2K |
| FREE CASH FLOW | $89M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $200M |
| Short-Term Investments | $117M |
| Net Receivables | $186M |
| Inventory | $0 |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $519M |
| PP&E (Net) | $33M |
| Goodwill | $368M |
| Intangible Assets | $78M |
| Long-Term Investments | $196M |
| Tax Assets | $78M |
| Other Non-Current Assets | -$70M |
| TOTAL NON-CURRENT ASSETS | $683M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $70M |
| TOTAL CURRENT LIABILITIES | $274M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $300M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$457M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $902M |
| Minority Interest | $0 |
| TOTAL EQUITY | $902M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $23M |
| Net Debt | -$177M |
