| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $768M | 0.4% | 34.9% |
| Op. Income | -$56M | -$59M | -$99M | 5.1% | 43.4% |
| Gross Margin | 21.8% | 21.9% | 20.6% | -0.1pp | 1.2pp |
| Net Margin | -3.5% | -3.0% | -13.0% | -0.5pp | 9.5pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $0.00 | 21.1% | -1948.7% |
| Free Cash Flow | $81M | $38M | -$29M | 113.2% | 379.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $810M |
| GROSS PROFIT | $226M |
| R&D Expenses | $94M |
| Selling & Marketing | $102M |
| General & Administrative | $86M |
| SG&A Expenses | $188M |
| Other Expenses | $0 |
| Operating Expenses | $282M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$56M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $21M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $10M |
| EBIT | -$56M |
| EBITDA | -$46M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$144M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $605M |
| Short-Term Investments | $519M |
| Net Receivables | $127M |
| Inventory | $124M |
| Other Current Assets | $111M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $111M |
| Goodwill | $113M |
| Intangible Assets | $26M |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $448M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $32M |
| Short-Term Debt | $11M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $478M |
| TOTAL CURRENT LIABILITIES | $663M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $68M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $764M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $44M |
| Net Debt | -$561M |
