| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $511M | $494M | $434M | 3.4% | 17.9% |
| Op. Income | -$6M | -$11M | -$81M | 49.7% | 92.9% |
| Gross Margin | 84.0% | 83.7% | 81.0% | 0.2pp | 3.0pp |
| Net Margin | -3.1% | -2.7% | -22.9% | -0.4pp | 19.8pp |
| EPS (Diluted) | $-0.07 | $-0.06 | $-0.44 | -17.4% | 85.1% |
| Free Cash Flow | $132M | $46M | $46M | 191.1% | 189.1% |
| Item | Amount |
|---|---|
| REVENUE | $511M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $429M |
| R&D Expenses | $152M |
| Selling & Marketing | $235M |
| General & Administrative | $48M |
| SG&A Expenses | $283M |
| Other Expenses | $0 |
| Operating Expenses | $435M |
| Cost & Expenses | $517M |
| OPERATING INCOME | -$6M |
| Interest Income | $15M |
| Interest Expense | $16M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $18M |
| EBIT | $5M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $84M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $39M |
| OPERATING CASH FLOW | $145M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $29M |
| Purchases of Investments | -$278M |
| Sales/Maturities of Investments | $249M |
| Other Investing Activities | -$29M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$637.0K |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | $99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $612M |
| Short-Term Investments | $959M |
| Net Receivables | $141M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $207M |
| Goodwill | $185M |
| Intangible Assets | $4M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $382M |
| TOTAL NON-CURRENT ASSETS | $779M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $36M |
| Short-Term Debt | $32M |
| Deferred Revenue | $878M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $768M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$4.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$642M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$642M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.4B |
| Net Debt | $740M |
