| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $307M | $220M | -31.6% | -4.7% |
| Op. Income | -$45M | $3M | -$118M | -1556.8% | 61.4% |
| Gross Margin | 93.0% | 65.4% | 93.6% | 27.6pp | -0.6pp |
| Net Margin | -43.6% | -50.7% | -63.1% | 7.2pp | 19.5pp |
| EPS (Diluted) | $-1.20 | $-2.06 | $-1.88 | 41.7% | 36.2% |
| Free Cash Flow | $6M | -$129M | -$73M | 105.0% | 108.8% |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $195M |
| R&D Expenses | $116M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $51M |
| Operating Expenses | $241M |
| Cost & Expenses | $256M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $41M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | -$85M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | -$92M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$92M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$92M |
| D&A | $55M |
| EBIT | -$44M |
| EBITDA | $12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$92M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $66M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$113M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | -$55M |
| NET CASH FROM INVESTING | -$115M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $540.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $548M |
| Short-Term Investments | $336M |
| Net Receivables | $198M |
| Inventory | $30M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $184M |
| Goodwill | $82M |
| Intangible Assets | $330M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $621M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $329M |
| TOTAL CURRENT LIABILITIES | $575M |
| Long-Term Debt | $285M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $76.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$894M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$894M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $421M |
| Net Debt | -$127M |
