| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $269M | $265M | $204M | 1.6% | 32.0% |
| Op. Income | -$20M | -$31M | -$28M | 35.6% | 28.9% |
| Gross Margin | 59.1% | 58.8% | 53.9% | 0.3pp | 5.2pp |
| Net Margin | -7.8% | -13.2% | -13.9% | 5.4pp | 6.1pp |
| EPS (Diluted) | $-0.11 | $-0.19 | $-0.16 | 42.1% | 31.3% |
| Free Cash Flow | -$61M | -$37M | -$4M | -64.9% | -1271.7% |
| Item | Amount |
|---|---|
| REVENUE | $269M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $159M |
| R&D Expenses | $63M |
| Selling & Marketing | $68M |
| General & Administrative | $44M |
| SG&A Expenses | $112M |
| Other Expenses | $4M |
| Operating Expenses | $179M |
| Cost & Expenses | $289M |
| OPERATING INCOME | -$20M |
| Interest Income | $2M |
| Interest Expense | $769.0K |
| Other Income/Expenses | -$129.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $998.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $4M |
| EBIT | -$19M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $249.0K |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | -$57M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $0 |
| Net Receivables | $456M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $972M |
| PP&E (Net) | $30M |
| Goodwill | $55M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $12M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $277M |
| TOTAL CURRENT LIABILITIES | $368M |
| Long-Term Debt | $150M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $162M |
| TOTAL LIABILITIES | $530M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$512M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$307.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $549M |
| Minority Interest | $0 |
| TOTAL EQUITY | $549M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $164M |
| Net Debt | -$122M |
