| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | 5.8% | 4.2% |
| Op. Income | -$60M | -$40M | -$596M | -49.7% | 89.9% |
| Gross Margin | 39.3% | 44.3% | 34.1% | -5.1pp | 5.2pp |
| Net Margin | -2.1% | -1.0% | -50.1% | -1.1pp | 47.9pp |
| EPS (Diluted) | $-0.07 | $-0.03 | $-1.59 | -111.6% | 95.9% |
| Free Cash Flow | $15M | -$30M | -$66M | 149.8% | 122.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $744M |
| GROSS PROFIT | $481M |
| R&D Expenses | $95M |
| Selling & Marketing | $126M |
| General & Administrative | $218M |
| SG&A Expenses | $344M |
| Other Expenses | $102M |
| Operating Expenses | $541M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$60M |
| Interest Income | $40M |
| Interest Expense | $8M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $31M |
| EBIT | -$15M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $92M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $14M |
| Purchases of Investments | -$938M |
| Sales/Maturities of Investments | $840M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | -$107M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$813.0K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $559M |
| Short-Term Investments | $1.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $892M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $564M |
| Goodwill | $258M |
| Intangible Assets | $60M |
| Long-Term Investments | $40M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $72M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $839M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $88M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $10.8B |
| Retained Earnings | -$10.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $542M |
| Minority Interest | $0 |
| TOTAL EQUITY | $542M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.0B |
| Net Debt | $483M |
