| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $115M | $87M | 0.7% | 32.1% |
| Op. Income | -$35M | $7M | -$39M | -569.8% | 10.0% |
| Gross Margin | 32.1% | 69.7% | 41.3% | -37.6pp | -9.2pp |
| Net Margin | -11.6% | -2.2% | -44.3% | -9.4pp | 32.8pp |
| EPS (Diluted) | $-0.14 | $-0.03 | $-0.41 | -444.7% | 65.9% |
| Free Cash Flow | $6M | -$153M | -$25M | 104.0% | 124.6% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $78M |
| GROSS PROFIT | $37M |
| R&D Expenses | $12M |
| Selling & Marketing | $34M |
| General & Administrative | $26M |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$35M |
| Interest Income | $434.0K |
| Interest Expense | $11M |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $178.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $6M |
| EBIT | -$2M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $649.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $279M |
| Short-Term Investments | $31M |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $480M |
| PP&E (Net) | $18M |
| Goodwill | $192M |
| Intangible Assets | $83M |
| Long-Term Investments | $103M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $401M |
| TOTAL ASSETS | $881M |
| Account Payables | $5M |
| Short-Term Debt | $150.0K |
| Deferred Revenue | $232M |
| Other Current Liabilities | $132M |
| TOTAL CURRENT LIABILITIES | $444M |
| Long-Term Debt | $432M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $481M |
| TOTAL LIABILITIES | $925M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $696M |
| Retained Earnings | -$735M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$44M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$44M |
| TOTAL LIABILITIES & EQUITY | $881M |
| Total Debt | $432M |
| Net Debt | $153M |
