| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $265M | $273M | $301M | -2.8% | -12.0% |
| Op. Income | $17M | $14M | $18M | 20.8% | -7.2% |
| Gross Margin | 56.1% | 56.5% | 58.1% | -0.4pp | -2.0pp |
| Net Margin | 4.6% | 3.7% | 4.5% | 0.9pp | 0.1pp |
| EPS (Diluted) | $0.11 | $0.09 | $0.13 | 19.0% | -15.4% |
| Free Cash Flow | -$858M | -$826M | $98M | -3.9% | -975.0% |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $60M |
| SG&A Expenses | $84M |
| Other Expenses | $49M |
| Operating Expenses | $132M |
| Cost & Expenses | $249M |
| OPERATING INCOME | $17M |
| Interest Income | $207M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $13M |
| EBIT | $17M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $265M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $60M |
| SG&A Expenses | $84M |
| Other Expenses | $49M |
| Operating Expenses | $132M |
| Cost & Expenses | $249M |
| OPERATING INCOME | $17M |
| Interest Income | $207M |
| Interest Expense | $84M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $13M |
| EBIT | $17M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$863M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$847M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $109M |
| NET CASH FROM INVESTING | $217M |
| Net Debt Issuance | $243M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $195M |
| NET CASH FROM FINANCING | $438M |
| FREE CASH FLOW | -$858M |
| Net Change in Cash | -$192M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2.2B |
| Net Receivables | $140M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $188M |
| Goodwill | $76M |
| Intangible Assets | $11M |
| Long-Term Investments | $5.2B |
| Tax Assets | $150M |
| Other Non-Current Assets | $207M |
| TOTAL NON-CURRENT ASSETS | $5.8B |
| TOTAL ASSETS | $9.2B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.5B |
| TOTAL CURRENT LIABILITIES | $7.6B |
| Long-Term Debt | $263M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $113M |
| TOTAL NON-CURRENT LIABILITIES | $411M |
| TOTAL LIABILITIES | $8.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$377M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $9.2B |
| Total Debt | $298M |
| Net Debt | -$769M |
