| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$245M | $140M | — | -274.2% | — |
| Op. Income | -$81M | -$35M | — | -129.2% | — |
| Gross Margin | 100.0% | 95.3% | — | 4.7pp | — |
| Net Margin | -75.3% | 21.5% | — | -96.9pp | — |
| EPS (Diluted) | $-1.03 | $0.46 | — | -325.6% | — |
| Free Cash Flow | -$88M | -$142M | — | 38.6% | — |
| Item | Amount |
|---|---|
| REVENUE | -$245M |
| Cost of Revenue | $0 |
| GROSS PROFIT | -$245M |
| R&D Expenses | -$83M |
| Selling & Marketing | -$101M |
| General & Administrative | -$2M |
| SG&A Expenses | -$103M |
| Other Expenses | $22M |
| Operating Expenses | -$163M |
| Cost & Expenses | -$163M |
| OPERATING INCOME | -$81M |
| Interest Income | $32M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $252M |
| NET INCOME | $184M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $184M |
| D&A | $0 |
| EBIT | -$76M |
| EBITDA | -$76M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | $184M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $68M |
| Change in Working Capital | -$331M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$923M |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $89M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$88M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $195M |
| Short-Term Investments | $4.1B |
| Net Receivables | $77M |
| Inventory | $86M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $148M |
| Goodwill | $81M |
| Intangible Assets | $150M |
| Long-Term Investments | $16M |
| Tax Assets | $1M |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $580M |
| TOTAL ASSETS | $5.1B |
| Account Payables | $157M |
| Short-Term Debt | $0 |
| Deferred Revenue | $300M |
| Other Current Liabilities | $37M |
| TOTAL CURRENT LIABILITIES | $501M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1.3B |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $344M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$267M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $11M |
| Net Debt | -$184M |
