| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $548M | $525M | $494M | 4.5% | 10.9% |
| Op. Income | -$12M | -$12M | -$11M | -5.2% | -7.4% |
| Gross Margin | 85.2% | 84.8% | 83.7% | 0.4pp | 1.5pp |
| Net Margin | -23.0% | -3.0% | -2.7% | -20.0pp | -20.3pp |
| EPS (Diluted) | $-0.51 | $-0.06 | $-0.06 | -703.1% | -812.3% |
| Free Cash Flow | $224M | $78M | $46M | 186.3% | 392.8% |
| Item | Amount |
|---|---|
| REVENUE | $548M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $467M |
| R&D Expenses | $167M |
| Selling & Marketing | $259M |
| General & Administrative | $52M |
| SG&A Expenses | $312M |
| Other Expenses | $0 |
| Operating Expenses | $479M |
| Cost & Expenses | $560M |
| OPERATING INCOME | -$12M |
| Interest Income | $17M |
| Interest Expense | $120M |
| Other Income/Expenses | -$106M |
| INCOME BEFORE TAX | -$119M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$126M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$126M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$126M |
| D&A | $18M |
| EBIT | $957.0K |
| EBITDA | $19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$126M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $82M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $127M |
| Change in Working Capital | $144M |
| OPERATING CASH FLOW | $245M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$131M |
| Sales/Maturities of Investments | $855M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $703M |
| Net Debt Issuance | -$819M |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$49M |
| NET CASH FROM FINANCING | -$893M |
| FREE CASH FLOW | $224M |
| Net Change in Cash | $57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $655M |
| Short-Term Investments | $339M |
| Net Receivables | $238M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $245M |
| Goodwill | $185M |
| Intangible Assets | $5M |
| Long-Term Investments | $392.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $386M |
| TOTAL NON-CURRENT ASSETS | $822M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $45M |
| Short-Term Debt | $28M |
| Deferred Revenue | $955M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $570M |
| Deferred Revenue NC | $918M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $4.1B |
| Retained Earnings | -$4.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $146.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$728M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$728M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $695M |
| Net Debt | $40M |
