| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $939M | -4.8% | 20.5% |
| Op. Income | -$67M | $18M | -$50M | -476.0% | -32.9% |
| Gross Margin | 80.8% | 82.1% | 81.9% | -1.3pp | -1.1pp |
| Net Margin | -17.4% | 1.1% | -6.3% | -18.5pp | -11.1pp |
| EPS (Diluted) | $-0.76 | $0.05 | $-0.23 | -1660.6% | -230.4% |
| Free Cash Flow | $413M | $555M | $270M | -25.6% | 52.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $218M |
| GROSS PROFIT | $914M |
| R&D Expenses | $589M |
| Selling & Marketing | $227M |
| General & Administrative | $152M |
| SG&A Expenses | $380M |
| Other Expenses | $12M |
| Operating Expenses | $981M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$67M |
| Interest Income | $27M |
| Interest Expense | $8M |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $143M |
| Net Income from Continuing Ops | -$197M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$197M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$197M |
| D&A | $23M |
| EBIT | -$46M |
| EBITDA | -$23M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$197M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $273M |
| Deferred Income Tax | $217.0K |
| Other Non-Cash Items | $767.0K |
| Change in Working Capital | $325M |
| OPERATING CASH FLOW | $426M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | -$18.2K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$975M |
| Common Stock Repurchased | -$192M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $988M |
| NET CASH FROM FINANCING | -$179M |
| FREE CASH FLOW | $413M |
| Net Change in Cash | $228M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.2B |
| Short-Term Investments | $162M |
| Net Receivables | $628M |
| Inventory | $0 |
| Other Current Assets | $109M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $259M |
| Goodwill | $1.3B |
| Intangible Assets | $299M |
| Long-Term Investments | $223M |
| Tax Assets | $4M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $178M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.8B |
| Other Current Liabilities | $333M |
| TOTAL CURRENT LIABILITIES | $2.6B |
| Long-Term Debt | $986M |
| Deferred Revenue NC | $308M |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$3.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.2B |
| Net Debt | -$928M |
