| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $494M | $449M | $386M | 10.2% | 28.2% |
| Op. Income | -$11M | -$59M | -$133M | 80.6% | 91.5% |
| Gross Margin | 83.7% | 81.6% | 79.3% | 2.1pp | 4.4pp |
| Net Margin | -2.7% | -15.8% | -39.2% | 13.1pp | 36.5pp |
| EPS (Diluted) | $-0.06 | $-0.30 | $-0.67 | 81.4% | 91.7% |
| Free Cash Flow | $46M | $53M | $23M | -13.6% | 95.9% |
| Item | Amount |
|---|---|
| REVENUE | $494M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $414M |
| R&D Expenses | $146M |
| Selling & Marketing | $229M |
| General & Administrative | $49M |
| SG&A Expenses | $279M |
| Other Expenses | $0 |
| Operating Expenses | $425M |
| Cost & Expenses | $506M |
| OPERATING INCOME | -$11M |
| Interest Income | $13M |
| Interest Expense | $16M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $17M |
| EBIT | $9M |
| EBITDA | $27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $73M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $6M |
| Purchases of Investments | -$244M |
| Sales/Maturities of Investments | $242M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $419.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $513M |
| Short-Term Investments | $924M |
| Net Receivables | $163M |
| Inventory | $0 |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $1.7B |
| PP&E (Net) | $205M |
| Goodwill | $185M |
| Intangible Assets | $5M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $387M |
| TOTAL NON-CURRENT ASSETS | $785M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $30M |
| Short-Term Debt | $33M |
| Deferred Revenue | $824M |
| Other Current Liabilities | $135M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $771M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$707M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$707M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.3B |
| Net Debt | $817M |
