| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | -$245M | $68M | 129.9% | 6.6% |
| Op. Income | -$39M | -$81M | -$17M | 52.2% | -133.3% |
| Gross Margin | 95.9% | 100.0% | 100.0% | -4.1pp | -4.1pp |
| Net Margin | 144.5% | -75.3% | 39.6% | 219.9pp | 104.9pp |
| EPS (Diluted) | $1.60 | $-1.03 | $0.41 | 255.7% | 291.4% |
| Free Cash Flow | -$150M | -$88M | -$116M | -72.0% | -29.8% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $70M |
| R&D Expenses | $84M |
| Selling & Marketing | $3M |
| General & Administrative | $33M |
| SG&A Expenses | $36M |
| Other Expenses | -$11M |
| Operating Expenses | $109M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$39M |
| Interest Income | $30M |
| Interest Expense | $297.0K |
| Other Income/Expenses | $66M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$664.1K |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $78M |
| Other Adjustments | $0 |
| NET INCOME | $105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $105M |
| D&A | $0 |
| EBIT | $27M |
| EBITDA | $27M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $105M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$99M |
| Change in Working Capital | -$150M |
| OPERATING CASH FLOW | -$143M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$534M |
| Sales/Maturities of Investments | $578M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$150M |
| Net Change in Cash | -$109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $4.1B |
| Net Receivables | $108M |
| Inventory | $94M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $4.4B |
| PP&E (Net) | $146M |
| Goodwill | $82M |
| Intangible Assets | $147M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $296M |
| TOTAL NON-CURRENT ASSETS | $672M |
| TOTAL ASSETS | $5.1B |
| Account Payables | $170M |
| Short-Term Debt | $0 |
| Deferred Revenue | $272M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $447M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1.2B |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $344M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$156M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $9M |
| Net Debt | -$76M |
