| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $740M | $981M | $603M | -24.6% | 22.8% |
| Op. Income | -$54M | $196M | -$244M | -127.7% | 77.7% |
| Gross Margin | 75.5% | 81.9% | 71.6% | -6.3pp | 3.9pp |
| Net Margin | -3.4% | 20.5% | -34.6% | -23.9pp | 31.3pp |
| EPS (Diluted) | $-0.04 | $0.29 | $-0.31 | -112.6% | 88.2% |
| Free Cash Flow | $344M | $254M | $181M | 35.4% | 89.6% |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $559M |
| R&D Expenses | $280M |
| Selling & Marketing | $226M |
| General & Administrative | $107M |
| SG&A Expenses | $333M |
| Other Expenses | $0 |
| Operating Expenses | $613M |
| Cost & Expenses | $794M |
| OPERATING INCOME | -$54M |
| Interest Income | $31M |
| Interest Expense | $0 |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $5M |
| EBIT | -$54M |
| EBITDA | -$50M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $162M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $223M |
| OPERATING CASH FLOW | $356M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$337M |
| Sales/Maturities of Investments | $346M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$83M |
| FREE CASH FLOW | $344M |
| Net Change in Cash | $269M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.1B |
| Net Receivables | $564M |
| Inventory | $0 |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $3.4B |
| PP&E (Net) | $123M |
| Goodwill | $0 |
| Intangible Assets | $116M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $253M |
| TOTAL ASSETS | $3.7B |
| Account Payables | $84M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $256M |
| TOTAL CURRENT LIABILITIES | $340M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $183M |
| TOTAL LIABILITIES | $523M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.3B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $154M |
| Net Debt | -$1.5B |
