| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $227M | $327M | $476M | -30.4% | -52.3% |
| Op. Income | -$38M | $34M | $124M | -211.1% | -130.6% |
| Gross Margin | 44.5% | 52.8% | 55.9% | -8.2pp | -11.3pp |
| Net Margin | -10.3% | 3.2% | 17.4% | -13.5pp | -27.7pp |
| EPS (Diluted) | $-0.59 | $0.26 | $2.04 | -326.9% | -128.9% |
| Free Cash Flow | $88M | $95M | $120M | -6.8% | -26.4% |
| Item | Amount |
|---|---|
| REVENUE | $227M |
| Cost of Revenue | $126M |
| GROSS PROFIT | $101M |
| R&D Expenses | $85M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $9M |
| Operating Expenses | $139M |
| Cost & Expenses | $265M |
| OPERATING INCOME | -$38M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | -$21M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $43M |
| EBIT | -$11M |
| EBITDA | $32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $44M |
| OPERATING CASH FLOW | $95M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $200.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | -$200.0K |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$83M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$87M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | $61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $925M |
| Short-Term Investments | $10M |
| Net Receivables | $164M |
| Inventory | $137M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $115M |
| Goodwill | $816M |
| Intangible Assets | $299M |
| Long-Term Investments | $0 |
| Tax Assets | $68M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $46M |
| Short-Term Debt | $6M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $972M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $39M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$878M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.0B |
| Net Debt | $105M |
