| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $213M | $189M | 1.2% | 14.4% |
| Op. Income | -$9M | -$14M | -$19M | 37.8% | 53.4% |
| Gross Margin | 77.3% | 77.1% | 75.9% | 0.2pp | 1.4pp |
| Net Margin | -6.7% | -10.1% | -13.3% | 3.5pp | 6.6pp |
| EPS (Diluted) | $-0.12 | $-0.19 | $-0.22 | 36.8% | 45.5% |
| Free Cash Flow | $47M | $36M | $37M | 31.8% | 26.2% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $167M |
| R&D Expenses | $44M |
| Selling & Marketing | $100M |
| General & Administrative | $31M |
| SG&A Expenses | $131M |
| Other Expenses | $1M |
| Operating Expenses | $176M |
| Cost & Expenses | $225M |
| OPERATING INCOME | -$9M |
| Interest Income | $6M |
| Interest Expense | $8M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $8M |
| EBIT | -$5M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$344.0K |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$77M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$938.0K |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | $47M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $260M |
| Short-Term Investments | $251M |
| Net Receivables | $157M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $783M |
| PP&E (Net) | $79M |
| Goodwill | $519M |
| Intangible Assets | $102M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $784M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $18M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $565M |
| TOTAL CURRENT LIABILITIES | $635M |
| Long-Term Debt | $359M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $573M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$839M |
| Treasury Stock | -$40M |
| Accum. Other Comp. Income | -$185.0K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $359M |
| Minority Interest | $0 |
| TOTAL EQUITY | $359M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $414M |
| Net Debt | $154M |
