| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $259M | $299M | $298M | -13.3% | -13.0% |
| Op. Income | -$23M | $4M | -$38M | -729.4% | 39.1% |
| Gross Margin | 40.7% | 44.2% | 40.9% | -3.5pp | -0.2pp |
| Net Margin | -5.6% | 1.9% | -9.5% | -7.4pp | 4.0pp |
| EPS (Diluted) | $-0.32 | $0.12 | $-0.64 | -366.7% | 50.0% |
| Free Cash Flow | $26M | $46M | $68M | -43.8% | -62.0% |
| Item | Amount |
|---|---|
| REVENUE | $259M |
| Cost of Revenue | $153M |
| GROSS PROFIT | $105M |
| R&D Expenses | $27M |
| Selling & Marketing | -$2M |
| General & Administrative | $104M |
| SG&A Expenses | $102M |
| Other Expenses | $0 |
| Operating Expenses | $129M |
| Cost & Expenses | $282M |
| OPERATING INCOME | -$23M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $24M |
| EBIT | -$23M |
| EBITDA | $427.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $96M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$67M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$11M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $468M |
| Short-Term Investments | $0 |
| Net Receivables | $264M |
| Inventory | $110M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $928M |
| PP&E (Net) | $134M |
| Goodwill | $736M |
| Intangible Assets | $278M |
| Long-Term Investments | $55M |
| Tax Assets | $33M |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $132M |
| Other Current Liabilities | $126M |
| TOTAL CURRENT LIABILITIES | $368M |
| Long-Term Debt | $570M |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $670M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $370M |
| Treasury Stock | -$290M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $614M |
| Net Debt | $146M |
