| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $409M | $440M | $457M | -7.0% | -10.5% |
| Op. Income | $39M | $56M | $47M | -30.4% | -17.0% |
| Gross Margin | 59.4% | 60.5% | 60.8% | -1.0pp | -1.4pp |
| Net Margin | 6.1% | 7.3% | -1.5% | -1.2pp | 7.6pp |
| EPS (Diluted) | $0.26 | $0.33 | $-0.07 | -21.2% | 471.4% |
| Free Cash Flow | $148M | $87M | $168M | 70.1% | -11.9% |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $243M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $136M |
| Other Expenses | $0 |
| Operating Expenses | $204M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $39M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $22M |
| EBIT | $37M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $409M |
| Cost of Revenue | $166M |
| GROSS PROFIT | $243M |
| R&D Expenses | $68M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $136M |
| Other Expenses | $0 |
| Operating Expenses | $204M |
| Cost & Expenses | $370M |
| OPERATING INCOME | $39M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $22M |
| EBIT | $37M |
| EBITDA | $59M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $97M |
| OPERATING CASH FLOW | $156M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$52M |
| FREE CASH FLOW | $148M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $420M |
| Short-Term Investments | $0 |
| Net Receivables | $246M |
| Inventory | $18M |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $749M |
| PP&E (Net) | $193M |
| Goodwill | $394M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $226M |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $955M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $106M |
| Short-Term Debt | $25M |
| Deferred Revenue | $512M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $930M |
| Long-Term Debt | $455M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $641M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$147M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $133M |
| Minority Interest | $0 |
| TOTAL EQUITY | $133M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $576M |
| Net Debt | $156M |
