| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $316M | $314M | $302M | 0.8% | 4.9% |
| Op. Income | $71M | $63M | $52M | 12.4% | 36.1% |
| Gross Margin | 84.2% | 85.7% | 83.7% | -1.5pp | 0.5pp |
| Net Margin | -1.7% | 9.6% | 7.7% | -11.4pp | -9.4pp |
| EPS (Diluted) | $-0.01 | $0.08 | $0.06 | -117.9% | -123.8% |
| Free Cash Flow | $120M | $76M | $114M | 58.0% | 5.5% |
| Item | Amount |
|---|---|
| REVENUE | $316M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $266M |
| R&D Expenses | $48M |
| Selling & Marketing | $98M |
| General & Administrative | $49M |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $196M |
| Cost & Expenses | $246M |
| OPERATING INCOME | $71M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | $136M |
| INCOME BEFORE TAX | $207M |
| Income Tax Expense | $212M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $20M |
| EBIT | $218M |
| EBITDA | $238M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $132M |
| Change in Working Capital | -$77M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $44M |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$161M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $447M |
| Short-Term Investments | $82M |
| Net Receivables | $275M |
| Inventory | $0 |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $864M |
| PP&E (Net) | $146M |
| Goodwill | $1.7B |
| Intangible Assets | $335M |
| Long-Term Investments | $0 |
| Tax Assets | $3.7B |
| Other Non-Current Assets | $124M |
| TOTAL NON-CURRENT ASSETS | $6.0B |
| TOTAL ASSETS | $6.9B |
| Account Payables | $34M |
| Short-Term Debt | $6M |
| Deferred Revenue | $440M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $638M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2.8B |
| TOTAL NON-CURRENT LIABILITIES | $4.1B |
| TOTAL LIABILITIES | $4.7B |
| Common Stock | $4M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | $283M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $6.9B |
| Total Debt | $1.3B |
| Net Debt | $886M |
