| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $411M | $532M | $390M | -22.7% | 5.4% |
| Op. Income | $20M | $70M | $35M | -71.4% | -42.9% |
| Gross Margin | 99.3% | 91.2% | 84.4% | 8.1pp | 14.9pp |
| Net Margin | 0.2% | 7.3% | 8.2% | -7.1pp | -8.0pp |
| EPS (Diluted) | $0.01 | $0.27 | $0.22 | -97.4% | -96.9% |
| Free Cash Flow | -$26M | -$12M | -$35M | -116.7% | 25.7% |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $408M |
| R&D Expenses | $0 |
| Selling & Marketing | $136M |
| General & Administrative | $169M |
| SG&A Expenses | $305M |
| Other Expenses | $83M |
| Operating Expenses | $388M |
| Cost & Expenses | $391M |
| OPERATING INCOME | $20M |
| Interest Income | $10M |
| Interest Expense | $11M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $22M |
| EBIT | $10M |
| EBITDA | $32M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $207M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $102M |
| Goodwill | $814M |
| Intangible Assets | $151M |
| Long-Term Investments | $30M |
| Tax Assets | $101M |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $49M |
| Short-Term Debt | $5M |
| Deferred Revenue | $47M |
| Other Current Liabilities | $66M |
| TOTAL CURRENT LIABILITIES | $628M |
| Long-Term Debt | $831M |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $81M |
| TOTAL NON-CURRENT LIABILITIES | $990M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $276M |
| Treasury Stock | -$847M |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $943M |
| Minority Interest | $0 |
| TOTAL EQUITY | $943M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $903M |
| Net Debt | -$161M |
