| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $569M | $612M | $467M | -7.0% | 21.9% |
| Op. Income | $52M | $74M | $19M | -29.6% | 176.9% |
| Gross Margin | 60.4% | 59.9% | 58.5% | 0.6pp | 1.9pp |
| Net Margin | -6.0% | 12.2% | -7.2% | -18.2pp | 1.2pp |
| EPS (Diluted) | $-0.11 | $0.24 | $-0.11 | -144.0% | -0.1% |
| Free Cash Flow | $131M | $126M | -$132M | 4.0% | 199.7% |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $225M |
| GROSS PROFIT | $344M |
| R&D Expenses | $11M |
| Selling & Marketing | $724M |
| General & Administrative | $365M |
| SG&A Expenses | $1.1B |
| Other Expenses | -$808M |
| Operating Expenses | $292M |
| Cost & Expenses | $517M |
| OPERATING INCOME | $52M |
| Interest Income | $5M |
| Interest Expense | $6M |
| Other Income/Expenses | -$109M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $8M |
| EBIT | $51M |
| EBITDA | $60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$23M |
| Other Non-Cash Items | $100M |
| Change in Working Capital | $69M |
| OPERATING CASH FLOW | $155M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $131M |
| Net Change in Cash | $80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $630M |
| Short-Term Investments | $23M |
| Net Receivables | $261M |
| Inventory | $454M |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $392M |
| Goodwill | $2M |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $562M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $83M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $389M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $271M |
| TOTAL LIABILITIES | $660M |
| Common Stock | $43M |
| Additional Paid-In Capital | $963M |
| Retained Earnings | -$27M |
| Treasury Stock | -$34M |
| Accum. Other Comp. Income | $422M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $291M |
| Net Debt | -$338M |
