| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $237M | $249M | — | -4.7% | — |
| Op. Income | -$85M | -$74M | — | -15.2% | — |
| Gross Margin | 66.7% | 66.9% | — | -0.2pp | — |
| Net Margin | -14.5% | -10.9% | — | -3.5pp | — |
| EPS (Diluted) | $-0.19 | $-0.15 | — | -26.7% | — |
| Free Cash Flow | -$283M | -$210M | — | -35.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $237M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $158M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $192M |
| SG&A Expenses | $220M |
| Other Expenses | $23M |
| Operating Expenses | $243M |
| Cost & Expenses | $322M |
| OPERATING INCOME | -$85M |
| Interest Income | $31M |
| Interest Expense | $78M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$85M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $12M |
| EBIT | -$85M |
| EBITDA | -$73M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | -$284M |
| Change in Working Capital | $37M |
| OPERATING CASH FLOW | -$279M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$430.0K |
| Sales/Maturities of Investments | $675.0K |
| Other Investing Activities | $57M |
| NET CASH FROM INVESTING | $52M |
| Net Debt Issuance | $163M |
| Common Stock Repurchased | -$423.0K |
| Common Dividends Paid | -$919.0K |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $159M |
| FREE CASH FLOW | -$283M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $604M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $604M |
| PP&E (Net) | $94M |
| Goodwill | $0 |
| Intangible Assets | $2.0B |
| Long-Term Investments | $2.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $5.6B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $0 |
| Short-Term Debt | $3.8B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3.8B |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $379M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $5.6B |
| Common Stock | $327.0K |
| Additional Paid-In Capital | $824M |
| Retained Earnings | -$486M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $322M |
| Minority Interest | $316M |
| TOTAL EQUITY | $637M |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $5.2B |
| Net Debt | $4.6B |
