| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226M | $203M | $234M | 11.4% | -3.1% |
| Op. Income | $20M | $856.0K | $1M | 2288.9% | 1516.5% |
| Gross Margin | 50.7% | 50.9% | 48.8% | -0.2pp | 1.9pp |
| Net Margin | 3.1% | -6.6% | 8.8% | 9.8pp | -5.6pp |
| EPS (Diluted) | $0.04 | $-0.08 | $0.12 | 151.8% | -65.9% |
| Free Cash Flow | $17M | -$14M | $16M | 222.1% | 10.8% |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $115M |
| R&D Expenses | $45M |
| Selling & Marketing | $35M |
| General & Administrative | $14M |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $20M |
| Interest Income | $64.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$630.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $17M |
| EBIT | $12M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $115M |
| R&D Expenses | $45M |
| Selling & Marketing | $35M |
| General & Administrative | $14M |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $206M |
| OPERATING INCOME | $20M |
| Interest Income | $64.0K |
| Interest Expense | $7M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | -$630.0K |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $17M |
| EBIT | $12M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$682.0K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $268M |
| Inventory | $78M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $419M |
| PP&E (Net) | $82M |
| Goodwill | $301M |
| Intangible Assets | $238M |
| Long-Term Investments | $238M |
| Tax Assets | $70M |
| Other Non-Current Assets | -$203M |
| TOTAL NON-CURRENT ASSETS | $725M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $85M |
| Short-Term Debt | $35M |
| Deferred Revenue | $113M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $341M |
| Long-Term Debt | $251M |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $350M |
| TOTAL LIABILITIES | $691M |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $453M |
| Minority Interest | $0 |
| TOTAL EQUITY | $453M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $340M |
| Net Debt | $314M |
