| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.1B | $1.5B | -13.2% | 23.4% |
| Op. Income | $86M | $289M | -$193M | -70.2% | 144.6% |
| Gross Margin | 51.4% | 49.5% | 47.5% | 1.9pp | 3.9pp |
| Net Margin | -14.7% | 30.6% | 4.5% | -45.3pp | -19.2pp |
| EPS (Diluted) | $-0.21 | $0.51 | $0.05 | -141.2% | -499.2% |
| Free Cash Flow | $232M | $446M | $86M | -48.0% | 169.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.9B |
| Cost of Revenue | $904M |
| GROSS PROFIT | $957M |
| R&D Expenses | $335M |
| Selling & Marketing | $361M |
| General & Administrative | $124M |
| SG&A Expenses | $485M |
| Other Expenses | $51M |
| Operating Expenses | $871M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | $86M |
| Interest Income | $79M |
| Interest Expense | $0 |
| Other Income/Expenses | -$342M |
| INCOME BEFORE TAX | -$256M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | -$273M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$273M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$273M |
| D&A | $10M |
| EBIT | $86M |
| EBITDA | $96M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$273M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $105M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $416M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $238M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$2.1B |
| Sales/Maturities of Investments | $2.1B |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $232M |
| Net Change in Cash | $210M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $3.6B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $183M |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $148M |
| Goodwill | $427M |
| Intangible Assets | $25M |
| Long-Term Investments | $4.0B |
| Tax Assets | $43M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $4.7B |
| TOTAL ASSETS | $11.1B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $296M |
| Other Current Liabilities | $589M |
| TOTAL CURRENT LIABILITIES | $902M |
| Long-Term Debt | $916M |
| Deferred Revenue NC | $183M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $9.3B |
| Additional Paid-In Capital | $277M |
| Retained Earnings | -$663M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.9B |
| TOTAL LIABILITIES & EQUITY | $11.1B |
| Total Debt | $1.1B |
| Net Debt | -$478M |
