| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $180M | $226M | $186M | -20.6% | -3.5% |
| Op. Income | -$10M | $20M | -$35M | -151.0% | 70.4% |
| Gross Margin | 47.4% | 50.7% | 43.7% | -3.3pp | 3.7pp |
| Net Margin | -16.9% | 3.1% | -20.6% | -20.0pp | 3.7pp |
| EPS (Diluted) | $-0.18 | $0.04 | $-0.23 | -540.1% | 21.7% |
| Free Cash Flow | $10M | $17M | $9M | -39.6% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $180M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $85M |
| R&D Expenses | $46M |
| Selling & Marketing | $35M |
| General & Administrative | $15M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $190M |
| OPERATING INCOME | -$10M |
| Interest Income | $106.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $17M |
| EBIT | -$21M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$150.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$829.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $0 |
| Net Receivables | $212M |
| Inventory | $81M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $369M |
| PP&E (Net) | $78M |
| Goodwill | $301M |
| Intangible Assets | $225M |
| Long-Term Investments | $225M |
| Tax Assets | $72M |
| Other Non-Current Assets | -$192M |
| TOTAL NON-CURRENT ASSETS | $709M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $67M |
| Short-Term Debt | $228M |
| Deferred Revenue | $111M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $504M |
| Long-Term Debt | $56M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $654M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $425M |
| Minority Interest | $0 |
| TOTAL EQUITY | $425M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $335M |
| Net Debt | $304M |
