| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $978M | $939M | $807M | 4.1% | 21.1% |
| Op. Income | -$19M | -$50M | -$34M | 62.6% | 44.5% |
| Gross Margin | 81.8% | 81.9% | 82.7% | -0.1pp | -0.9pp |
| Net Margin | -3.3% | -6.3% | -1.7% | 3.0pp | -1.6pp |
| EPS (Diluted) | $-0.12 | $-0.23 | $-0.05 | 47.8% | -140.0% |
| Free Cash Flow | $163M | $270M | $76M | -39.6% | 115.0% |
| Item | Amount |
|---|---|
| REVENUE | $978M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $800M |
| R&D Expenses | $482M |
| Selling & Marketing | $194M |
| General & Administrative | $143M |
| SG&A Expenses | $337M |
| Other Expenses | $0 |
| Operating Expenses | $819M |
| Cost & Expenses | $997M |
| OPERATING INCOME | -$19M |
| Interest Income | $25M |
| Interest Expense | $9M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $21M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $15M |
| EBIT | -$2M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $236M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | $167M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $53M |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$53M |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$66M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $94M |
| Net Receivables | $368M |
| Inventory | $0 |
| Other Current Assets | $130M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $261M |
| Goodwill | $727M |
| Intangible Assets | $61M |
| Long-Term Investments | $220M |
| Tax Assets | $6M |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $126M |
| Short-Term Debt | $50M |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $161M |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $950M |
| Deferred Revenue NC | $175M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $775M |
| Minority Interest | $0 |
| TOTAL EQUITY | $775M |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $1.3B |
| Net Debt | -$869M |
