| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3.7B | — | $2.8B | — | 35.8% |
| Op. Income | -$108M | — | $49M | — | -322.1% |
| Gross Margin | 20.6% | — | 20.4% | — | 0.2pp |
| Net Margin | 2.3% | — | 4.9% | — | -2.6pp |
| EPS (Diluted) | $0.08 | — | $0.13 | — | -37.1% |
| Free Cash Flow | -$488M | — | $979M | — | -149.9% |
| Item | Amount |
|---|---|
| REVENUE | $3.7B |
| Cost of Revenue | $3.0B |
| GROSS PROFIT | $772M |
| R&D Expenses | $445M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $435M |
| Other Expenses | $0 |
| Operating Expenses | $880M |
| Cost & Expenses | $3.9B |
| OPERATING INCOME | -$108M |
| Interest Income | $156M |
| Interest Expense | $4M |
| Other Income/Expenses | $207M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $0 |
| EBIT | $103M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $100M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$675M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$488M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$453M |
| NET CASH FROM INVESTING | -$453M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$488M |
| Net Change in Cash | -$906M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12.4B |
| Short-Term Investments | $2.0B |
| Net Receivables | $11M |
| Inventory | $1.8B |
| Other Current Assets | $662M |
| TOTAL CURRENT ASSETS | $16.9B |
| PP&E (Net) | $4.0B |
| Goodwill | $801.3K |
| Intangible Assets | $129M |
| Long-Term Investments | $226M |
| Tax Assets | $291M |
| Other Non-Current Assets | $346M |
| TOTAL NON-CURRENT ASSETS | $5.0B |
| TOTAL ASSETS | $21.9B |
| Account Payables | $8.0B |
| Short-Term Debt | $1.0B |
| Deferred Revenue | $205M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11.0B |
| Long-Term Debt | $263M |
| Deferred Revenue NC | $119M |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $636M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $12.8B |
| Common Stock | $9.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.0B |
| Minority Interest | $63M |
| TOTAL EQUITY | $9.0B |
| TOTAL LIABILITIES & EQUITY | $21.9B |
| Total Debt | $2.2B |
| Net Debt | -$10.2B |
