| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.1B | $1.0B | -2.7% | 4.0% |
| Op. Income | -$34M | -$50M | -$117M | 32.3% | 71.4% |
| Gross Margin | 50.7% | 47.7% | 46.8% | 2.9pp | 3.9pp |
| Net Margin | -5.3% | -34.0% | -34.0% | 28.7pp | 28.7pp |
| EPS (Diluted) | $-0.31 | $-2.01 | $-1.84 | 84.6% | 83.2% |
| Free Cash Flow | $177M | $211M | -$114M | -15.9% | 254.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $516M |
| GROSS PROFIT | $531M |
| R&D Expenses | $250M |
| Selling & Marketing | $214M |
| General & Administrative | $112M |
| SG&A Expenses | $326M |
| Other Expenses | -$12M |
| Operating Expenses | $564M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$34M |
| Interest Income | $27M |
| Interest Expense | $0 |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55M |
| D&A | $53M |
| EBIT | -$45M |
| EBITDA | $8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $159M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $59M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $190M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$436M |
| Sales/Maturities of Investments | $638M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $190M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$357M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$363M |
| FREE CASH FLOW | $177M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $673M |
| Short-Term Investments | $3.2B |
| Net Receivables | $541M |
| Inventory | $0 |
| Other Current Assets | $310M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $165M |
| Goodwill | $5.2B |
| Intangible Assets | $427M |
| Long-Term Investments | $568M |
| Tax Assets | $0 |
| Other Non-Current Assets | $209M |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $11.3B |
| Account Payables | $82M |
| Short-Term Debt | $0 |
| Deferred Revenue | $142M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $715M |
| Long-Term Debt | $989M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $177.0K |
| Additional Paid-In Capital | $15.0B |
| Retained Earnings | -$5.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $9.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $9.4B |
| TOTAL LIABILITIES & EQUITY | $11.3B |
| Total Debt | $1.2B |
| Net Debt | $488M |
