| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $149M | $110M | -7.0% | 25.8% |
| Op. Income | -$65M | -$42M | -$129M | -52.6% | 50.0% |
| Gross Margin | 92.3% | 90.6% | 93.5% | 1.7pp | -1.3pp |
| Net Margin | -46.6% | -28.5% | -117.4% | -18.2pp | 70.8pp |
| EPS (Diluted) | $-0.74 | $-0.50 | $-1.58 | -48.0% | 53.2% |
| Free Cash Flow | $43M | -$145M | -$81M | 129.3% | 152.5% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $128M |
| R&D Expenses | $0 |
| Selling & Marketing | $35M |
| General & Administrative | $97M |
| SG&A Expenses | $132M |
| Other Expenses | $60M |
| Operating Expenses | $192M |
| Cost & Expenses | $203M |
| OPERATING INCOME | -$65M |
| Interest Income | $51M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$65M |
| Income Tax Expense | $14.0K |
| Net Income from Continuing Ops | -$65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$65M |
| D&A | $6M |
| EBIT | -$65M |
| EBITDA | -$59M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$65M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $94M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$49M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $307M |
| Short-Term Investments | $0 |
| Net Receivables | $54M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $384M |
| PP&E (Net) | $92M |
| Goodwill | $67M |
| Intangible Assets | $10M |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $246M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $10M |
| Short-Term Debt | $352M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $397M |
| Long-Term Debt | $654M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205M |
| TOTAL NON-CURRENT LIABILITIES | $918M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $960M |
| Retained Earnings | -$347M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.1B |
| Net Debt | $758M |
