| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $438M | $452M | 4.3% | 1.1% |
| Op. Income | $47M | $27M | $11M | 74.1% | 327.3% |
| Gross Margin | 60.8% | 59.1% | 58.2% | 1.7pp | 2.6pp |
| Net Margin | -1.5% | 2.7% | -1.5% | -4.3pp | 0.0pp |
| EPS (Diluted) | $-0.07 | $0.12 | $-0.07 | -158.3% | 0.0% |
| Free Cash Flow | $168M | $36M | $120M | 366.7% | 40.0% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $278M |
| R&D Expenses | $72M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $159M |
| Other Expenses | $0 |
| Operating Expenses | $231M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $47M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $29M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $30M |
| EBIT | $30M |
| EBITDA | $60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $122M |
| OPERATING CASH FLOW | $176M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$13M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | $168M |
| Net Change in Cash | $137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $486M |
| Short-Term Investments | $0 |
| Net Receivables | $299M |
| Inventory | $13M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $869M |
| PP&E (Net) | $248M |
| Goodwill | $398M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $221M |
| Other Non-Current Assets | $137M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $100M |
| Short-Term Debt | $19M |
| Deferred Revenue | $570M |
| Other Current Liabilities | $53M |
| TOTAL CURRENT LIABILITIES | $996M |
| Long-Term Debt | $480M |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $163M |
| TOTAL NON-CURRENT LIABILITIES | $742M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$129M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | $0 |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $640M |
| Net Debt | $154M |
