| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | $176M | $161M | 4.7% | 13.9% |
| Op. Income | $8M | $11M | -$20M | -26.5% | 141.1% |
| Gross Margin | 75.1% | 75.4% | 74.5% | -0.3pp | 0.6pp |
| Net Margin | 9.4% | 9.3% | -10.2% | 0.1pp | 19.7pp |
| EPS (Diluted) | $0.13 | $0.12 | $-0.13 | 8.3% | 200.0% |
| Free Cash Flow | -$12M | $33M | $6M | -135.8% | -307.0% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $138M |
| R&D Expenses | $46M |
| Selling & Marketing | $49M |
| General & Administrative | $32M |
| SG&A Expenses | $81M |
| Other Expenses | $2M |
| Operating Expenses | $130M |
| Cost & Expenses | $176M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | -$38M |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $5M |
| EBIT | -$47M |
| EBITDA | -$42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $138M |
| R&D Expenses | $46M |
| Selling & Marketing | $49M |
| General & Administrative | $32M |
| SG&A Expenses | $81M |
| Other Expenses | $2M |
| Operating Expenses | $130M |
| Cost & Expenses | $176M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | -$38M |
| BOTTOM LINE NET INCOME | $56M |
| D&A | $5M |
| EBIT | -$47M |
| EBITDA | -$42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$260M |
| Sales/Maturities of Investments | $203M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $36M |
| NET CASH FROM FINANCING | $36M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $470M |
| Net Receivables | $103M |
| Inventory | $0 |
| Other Current Assets | $230M |
| TOTAL CURRENT ASSETS | $883M |
| PP&E (Net) | $31M |
| Goodwill | $118M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $293M |
| Long-Term Debt | $356M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $363M |
| TOTAL LIABILITIES | $656M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $675M |
| Retained Earnings | -$294M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $205.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $381M |
| Minority Interest | $0 |
| TOTAL EQUITY | $381M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $368M |
| Net Debt | $288M |
