| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.1B | — | -1.0% |
| Op. Income | -$111M | — | -$64M | — | -73.4% |
| Gross Margin | 62.0% | — | 60.3% | — | 1.7pp |
| Net Margin | -11.7% | — | 0.3% | — | -12.0pp |
| EPS (Diluted) | $-0.79 | — | $0.02 | — | -4257.9% |
| Free Cash Flow | $41M | — | -$42M | — | 197.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $409M |
| GROSS PROFIT | $667M |
| R&D Expenses | $338M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $439M |
| Other Expenses | $1M |
| Operating Expenses | $778M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$111M |
| Interest Income | $12M |
| Interest Expense | $18M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | -$126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$126M |
| D&A | $108M |
| EBIT | -$91M |
| EBITDA | $17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$126M |
| Depreciation & Amortization | $108M |
| Stock-Based Compensation | $96M |
| Deferred Income Tax | -$24M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $7M |
| Net Receivables | $650M |
| Inventory | $584M |
| Other Current Assets | $170M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $1.5B |
| Goodwill | $2.5B |
| Intangible Assets | $2.9B |
| Long-Term Investments | $213M |
| Tax Assets | $0 |
| Other Non-Current Assets | $245M |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $201M |
| Short-Term Debt | $0 |
| Deferred Revenue | $248M |
| Other Current Liabilities | $202M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $642M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $4.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.7B |
| Retained Earnings | -$145M |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.7B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $2.3B |
| Net Debt | $1.2B |
