| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $290M | $309M | $245M | -6.1% | 18.2% |
| Op. Income | -$46M | -$45M | -$116M | -2.8% | 60.0% |
| Gross Margin | 84.9% | 84.5% | 81.6% | 0.4pp | 3.3pp |
| Net Margin | -11.0% | -9.0% | -50.0% | -2.0pp | 39.0pp |
| EPS (Diluted) | $-0.06 | $-0.05 | $-0.23 | -14.4% | 75.1% |
| Free Cash Flow | $65M | $92M | -$63M | -28.6% | 204.6% |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $246M |
| R&D Expenses | $75M |
| Selling & Marketing | $160M |
| General & Administrative | $57M |
| SG&A Expenses | $217M |
| Other Expenses | $0 |
| Operating Expenses | $292M |
| Cost & Expenses | $336M |
| OPERATING INCOME | -$46M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$46M |
| EBITDA | -$40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | -$267.0K |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$215M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$136M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | -$91M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $469M |
| Net Receivables | $305M |
| Inventory | $0 |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $79M |
| Goodwill | $89M |
| Intangible Assets | $21M |
| Long-Term Investments | $6M |
| Tax Assets | $6M |
| Other Non-Current Assets | $184M |
| TOTAL NON-CURRENT ASSETS | $385M |
| TOTAL ASSETS | $2.6B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $420M |
| TOTAL CURRENT LIABILITIES | $503M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $113M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $184M |
| TOTAL LIABILITIES | $687M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $64M |
| Net Debt | -$1.2B |
