| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $126M | $115M | $66M | 9.3% | 92.1% |
| Op. Income | -$100M | -$104M | -$71M | 3.9% | -40.7% |
| Gross Margin | 68.5% | 64.4% | 63.1% | 4.0pp | 5.4pp |
| Net Margin | -74.3% | -85.7% | -109.3% | 11.4pp | 35.0pp |
| EPS (Diluted) | $-0.33 | $-0.35 | $-0.27 | 5.7% | -22.2% |
| Free Cash Flow | -$26M | -$65M | -$7M | 60.6% | -246.9% |
| Item | Amount |
|---|---|
| REVENUE | $126M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $86M |
| R&D Expenses | $54M |
| Selling & Marketing | $87M |
| General & Administrative | $45M |
| SG&A Expenses | $132M |
| Other Expenses | $0 |
| Operating Expenses | $186M |
| Cost & Expenses | $226M |
| OPERATING INCOME | -$100M |
| Interest Income | $10M |
| Interest Expense | $605.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $6M |
| EBIT | -$100M |
| EBITDA | -$95M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$210M |
| Sales/Maturities of Investments | $147M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | $17M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $138M |
| Short-Term Investments | $486M |
| Net Receivables | $151M |
| Inventory | $0 |
| Other Current Assets | $140M |
| TOTAL CURRENT ASSETS | $915M |
| PP&E (Net) | $62M |
| Goodwill | $540M |
| Intangible Assets | $145M |
| Long-Term Investments | $535M |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $303M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $473M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $103M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $129M |
| TOTAL LIABILITIES | $602M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$1.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $27M |
| Net Debt | -$111M |
