| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $518M | $510M | $415M | 1.6% | 24.8% |
| Op. Income | -$160M | -$158M | -$240M | -1.5% | 33.3% |
| Gross Margin | 72.6% | 72.7% | 68.4% | -0.2pp | 4.2pp |
| Net Margin | -23.0% | -30.0% | -58.6% | 7.0pp | 35.6pp |
| EPS (Diluted) | $-0.74 | $-0.96 | $-1.56 | 22.9% | 52.6% |
| Free Cash Flow | $124M | $73M | $10M | 70.1% | 1140.0% |
| Item | Amount |
|---|---|
| REVENUE | $518M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $376M |
| R&D Expenses | $163M |
| Selling & Marketing | $256M |
| General & Administrative | $110M |
| SG&A Expenses | $366M |
| Other Expenses | $7M |
| Operating Expenses | $536M |
| Cost & Expenses | $678M |
| OPERATING INCOME | -$160M |
| Interest Income | $17M |
| Interest Expense | $3M |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | -$115M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$119M |
| D&A | $25M |
| EBIT | -$112M |
| EBITDA | -$87M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$119M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $166M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$431M |
| Sales/Maturities of Investments | $517M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $59M |
| Net Debt Issuance | -$332M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$326M |
| FREE CASH FLOW | $124M |
| Net Change in Cash | -$137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $2.2B |
| Net Receivables | $290M |
| Inventory | $0 |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $168M |
| Goodwill | $5.4B |
| Intangible Assets | $227M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $256M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $88M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $0 |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
