| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $309M | $263M | $290M | 17.4% | 6.5% |
| Op. Income | -$45M | -$67M | -$51M | 32.6% | 11.3% |
| Gross Margin | 84.5% | 83.7% | 85.8% | 0.8pp | -1.2pp |
| Net Margin | -9.0% | -22.0% | -21.8% | 13.0pp | 12.8pp |
| EPS (Diluted) | $-0.05 | $-0.10 | $-0.12 | 50.0% | 58.3% |
| Free Cash Flow | $92M | -$33M | -$9M | 381.2% | 1100.2% |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $261M |
| R&D Expenses | $82M |
| Selling & Marketing | $174M |
| General & Administrative | $50M |
| SG&A Expenses | $224M |
| Other Expenses | $0 |
| Operating Expenses | $306M |
| Cost & Expenses | $354M |
| OPERATING INCOME | -$45M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $730.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $9M |
| EBIT | -$45M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | -$310.0K |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$184M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$126M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $92M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $355M |
| Net Receivables | $447M |
| Inventory | $0 |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $81M |
| Goodwill | $88M |
| Intangible Assets | $23M |
| Long-Term Investments | $3M |
| Tax Assets | $6M |
| Other Non-Current Assets | $190M |
| TOTAL NON-CURRENT ASSETS | $391M |
| TOTAL ASSETS | $2.7B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $435M |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $122M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $815M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $63M |
| Net Debt | -$1.3B |
