| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | $270M | $191M | -22.8% | 8.8% |
| Op. Income | $2M | $64M | -$8M | -97.4% | 119.7% |
| Gross Margin | 75.5% | 78.9% | 75.1% | -3.4pp | 0.4pp |
| Net Margin | -1.5% | 19.5% | -4.4% | -21.1pp | 2.8pp |
| EPS (Diluted) | $-0.05 | $0.72 | $-0.10 | -106.3% | 54.1% |
| Free Cash Flow | $111M | $43M | $152M | 156.4% | -27.3% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $157M |
| R&D Expenses | $46M |
| Selling & Marketing | $67M |
| General & Administrative | $28M |
| SG&A Expenses | $95M |
| Other Expenses | $14M |
| Operating Expenses | $156M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $2M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $22M |
| EBIT | $2M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $91M |
| OPERATING CASH FLOW | $113M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | -$5.0K |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$206.0K |
| NET CASH FROM FINANCING | -$100M |
| FREE CASH FLOW | $111M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387M |
| Short-Term Investments | $32M |
| Net Receivables | $144M |
| Inventory | $18M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $617M |
| PP&E (Net) | $86M |
| Goodwill | $1.7B |
| Intangible Assets | $367M |
| Long-Term Investments | $9M |
| Tax Assets | $5M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $16M |
| Short-Term Debt | $12M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $338M |
| TOTAL CURRENT LIABILITIES | $454M |
| Long-Term Debt | $149M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $337M |
| TOTAL LIABILITIES | $791M |
| Common Stock | $128.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | $470M |
| Treasury Stock | -$1.5B |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $209M |
| Net Debt | -$178M |
