| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $202M | $185M | 5.8% | 15.5% |
| Op. Income | -$14M | -$8M | -$14M | -81.3% | -1.8% |
| Gross Margin | 77.1% | 77.3% | 75.5% | -0.2pp | 1.6pp |
| Net Margin | -10.1% | -7.7% | -11.6% | -2.4pp | 1.5pp |
| EPS (Diluted) | $-0.19 | $-0.13 | $-0.19 | -46.2% | 0.0% |
| Free Cash Flow | $36M | $40M | $27M | -11.3% | 34.0% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $165M |
| R&D Expenses | $40M |
| Selling & Marketing | $104M |
| General & Administrative | $31M |
| SG&A Expenses | $134M |
| Other Expenses | $4M |
| Operating Expenses | $179M |
| Cost & Expenses | $228M |
| OPERATING INCOME | -$14M |
| Interest Income | $5M |
| Interest Expense | $8M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $8M |
| EBIT | -$10M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $70M |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$243M |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$232M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $423.0K |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$208M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $237M |
| Short-Term Investments | $237M |
| Net Receivables | $220M |
| Inventory | $0 |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $805M |
| PP&E (Net) | $80M |
| Goodwill | $519M |
| Intangible Assets | $107M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $801M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $581M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $676M |
| Long-Term Debt | $359M |
| Deferred Revenue NC | $170M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $585M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$825M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | $38.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $346M |
| Minority Interest | $0 |
| TOTAL EQUITY | $346M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $413M |
| Net Debt | $176M |
