| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $489M | $499M | $522M | -2.0% | -6.5% |
| Op. Income | $16M | -$26M | $27M | 160.9% | -41.5% |
| Gross Margin | 72.1% | 58.6% | 71.7% | 13.5pp | 0.4pp |
| Net Margin | 1.5% | -7.4% | 11.0% | 8.9pp | -9.5pp |
| EPS (Diluted) | $0.15 | $-0.74 | $1.15 | 120.3% | -87.0% |
| Free Cash Flow | $34M | $39M | $12M | -13.6% | 187.7% |
| Item | Amount |
|---|---|
| REVENUE | $489M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $352M |
| R&D Expenses | $23M |
| Selling & Marketing | $181M |
| General & Administrative | $145M |
| SG&A Expenses | $326M |
| Other Expenses | -$13M |
| Operating Expenses | $336M |
| Cost & Expenses | $473M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $17M |
| EBIT | $9M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $489M |
| Cost of Revenue | $136M |
| GROSS PROFIT | $352M |
| R&D Expenses | $23M |
| Selling & Marketing | $181M |
| General & Administrative | $145M |
| SG&A Expenses | $326M |
| Other Expenses | -$13M |
| Operating Expenses | $336M |
| Cost & Expenses | $473M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $17M |
| EBIT | $9M |
| EBITDA | $27M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$94M |
| Purchases of Investments | $17M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $77M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $256M |
| Short-Term Investments | $12M |
| Net Receivables | $59M |
| Inventory | $280M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $702M |
| PP&E (Net) | $543M |
| Goodwill | $218M |
| Intangible Assets | $95M |
| Long-Term Investments | $36M |
| Tax Assets | $108M |
| Other Non-Current Assets | $106M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $43M |
| Short-Term Debt | $25M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $329M |
| Long-Term Debt | $478M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $658M |
| TOTAL LIABILITIES | $987M |
| Common Stock | $91.0K |
| Additional Paid-In Capital | $622M |
| Retained Earnings | $1.9B |
| Treasury Stock | -$1.6B |
| Accum. Other Comp. Income | -$100M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $822M |
| Minority Interest | $0 |
| TOTAL EQUITY | $822M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $607M |
| Net Debt | $351M |
