| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $465M | $457M | $476M | 1.8% | -2.3% |
| Op. Income | $48M | $47M | $79M | 2.1% | -39.2% |
| Gross Margin | 61.1% | 60.8% | 63.4% | 0.2pp | -2.4pp |
| Net Margin | 4.3% | -1.5% | 8.4% | 5.8pp | -4.1pp |
| EPS (Diluted) | $0.20 | $-0.07 | $0.39 | 385.7% | -48.7% |
| Free Cash Flow | $21M | $168M | $105M | -87.5% | -80.0% |
| Item | Amount |
|---|---|
| REVENUE | $465M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $284M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $161M |
| Other Expenses | $0 |
| Operating Expenses | $236M |
| Cost & Expenses | $417M |
| OPERATING INCOME | $48M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $27M |
| EBIT | $40M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $465M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $284M |
| R&D Expenses | $75M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $161M |
| Other Expenses | $0 |
| Operating Expenses | $236M |
| Cost & Expenses | $417M |
| OPERATING INCOME | $48M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $27M |
| EBIT | $40M |
| EBITDA | $67M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $12M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$68M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$124M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$150M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$148M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $337M |
| Short-Term Investments | $0 |
| Net Receivables | $311M |
| Inventory | $16M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $769M |
| PP&E (Net) | $234M |
| Goodwill | $396M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $204M |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $976M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $119M |
| Short-Term Debt | $25M |
| Deferred Revenue | $573M |
| Other Current Liabilities | $105M |
| TOTAL CURRENT LIABILITIES | $983M |
| Long-Term Debt | $474M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $152M |
| TOTAL NON-CURRENT LIABILITIES | $708M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$132M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $629M |
| Net Debt | $292M |
