| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $155M | $147M | 4.6% | 10.6% |
| Op. Income | -$18M | -$23M | -$32M | 22.2% | 44.5% |
| Gross Margin | 50.2% | 47.8% | 45.2% | 2.4pp | 5.0pp |
| Net Margin | -11.2% | -14.9% | -22.1% | 3.8pp | 11.0pp |
| EPS (Diluted) | $-0.31 | $-0.40 | $-0.56 | 22.5% | 44.6% |
| Free Cash Flow | $30M | $9M | $43M | 221.2% | -30.0% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $81M |
| R&D Expenses | $34M |
| Selling & Marketing | $27M |
| General & Administrative | $30M |
| SG&A Expenses | $57M |
| Other Expenses | $8M |
| Operating Expenses | $99M |
| Cost & Expenses | $180M |
| OPERATING INCOME | -$18M |
| Interest Income | $3M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $18M |
| EBIT | -$15M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $756.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$45.0K |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | $76M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $230M |
| Short-Term Investments | $94M |
| Net Receivables | $52M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $428M |
| PP&E (Net) | $77M |
| Goodwill | $513M |
| Intangible Assets | $122M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $773M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $119M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $490M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $561M |
| TOTAL LIABILITIES | $753M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$626M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $448M |
| Minority Interest | $0 |
| TOTAL EQUITY | $448M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $549M |
| Net Debt | $319M |
