| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $447M | $609M | 2.4% | -25.0% |
| Op. Income | -$124M | -$127M | -$259M | 2.7% | 52.2% |
| Gross Margin | 74.7% | 74.9% | 57.1% | -0.2pp | 17.7pp |
| Net Margin | -26.8% | -27.9% | -41.5% | 1.1pp | 14.6pp |
| EPS (Diluted) | $-0.30 | $-0.31 | $-0.66 | 3.2% | 54.5% |
| Free Cash Flow | $106M | $103M | $61M | 3.0% | 74.1% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $342M |
| R&D Expenses | $218M |
| Selling & Marketing | $176M |
| General & Administrative | $71M |
| SG&A Expenses | $247M |
| Other Expenses | $0 |
| Operating Expenses | $465M |
| Cost & Expenses | $581M |
| OPERATING INCOME | -$124M |
| Interest Income | $9M |
| Interest Expense | $6M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$120M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$123M |
| D&A | $103M |
| EBIT | -$115M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $103M |
| Stock-Based Compensation | $110M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $112M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $574M |
| Inventory | $0 |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $99M |
| Goodwill | $3.2B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $181M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $186M |
| Other Current Liabilities | $74M |
| TOTAL CURRENT LIABILITIES | $889M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $165M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | -$3.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $236M |
| TOTAL EQUITY | $3.4B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $2.2B |
| Net Debt | $721M |
