| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $222M | $162M | 4.9% | 43.2% |
| Op. Income | -$22M | -$36M | -$40M | 37.1% | 43.3% |
| Gross Margin | 32.7% | 38.3% | 33.8% | -5.5pp | -1.1pp |
| Net Margin | -13.3% | -21.6% | -26.1% | 8.2pp | 12.8pp |
| EPS (Diluted) | $-0.19 | $-0.29 | $-0.26 | 34.5% | 26.9% |
| Free Cash Flow | -$26M | -$9M | -$50M | -196.0% | 47.4% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $76M |
| R&D Expenses | $8M |
| Selling & Marketing | $62M |
| General & Administrative | $29M |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $255M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $6M |
| EBIT | -$22M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $253.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$346.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $276M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $341M |
| PP&E (Net) | $48M |
| Goodwill | $29M |
| Intangible Assets | $24M |
| Long-Term Investments | $683M |
| Tax Assets | $26M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $829M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $32M |
| Short-Term Debt | $34M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $661M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $717M |
| TOTAL LIABILITIES | $853M |
| Common Stock | $2M |
| Additional Paid-In Capital | $570M |
| Retained Earnings | -$267M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $317M |
| Minority Interest | $0 |
| TOTAL EQUITY | $317M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $727M |
| Net Debt | $678M |
