| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $491M | $606M | $383M | -18.9% | 28.3% |
| Op. Income | $29M | $144M | -$23M | -80.2% | 222.9% |
| Gross Margin | 78.9% | 83.4% | 77.8% | -4.5pp | 1.1pp |
| Net Margin | 6.4% | 16.1% | 2.4% | -9.6pp | 4.0pp |
| EPS (Diluted) | $0.06 | $0.19 | $0.02 | -66.6% | 239.6% |
| Free Cash Flow | $176M | $64M | $177M | 176.4% | -0.4% |
| Item | Amount |
|---|---|
| REVENUE | $491M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $388M |
| R&D Expenses | $108M |
| Selling & Marketing | $122M |
| General & Administrative | $130M |
| SG&A Expenses | $251M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $29M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $22M |
| EBIT | $29M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $491M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $388M |
| R&D Expenses | $108M |
| Selling & Marketing | $122M |
| General & Administrative | $130M |
| SG&A Expenses | $251M |
| Other Expenses | $0 |
| Operating Expenses | $359M |
| Cost & Expenses | $463M |
| OPERATING INCOME | $29M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $22M |
| EBIT | $29M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $111M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $185M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$160M |
| Sales/Maturities of Investments | $148M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$141M |
| FREE CASH FLOW | $176M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $918M |
| Short-Term Investments | $501M |
| Net Receivables | $2.6B |
| Inventory | $0 |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $352M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $155M |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $567M |
| TOTAL ASSETS | $4.7B |
| Account Payables | $2.1B |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $214M |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $103M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $238M |
| Net Debt | -$681M |
