| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $526M | $563M | $505M | -6.6% | 4.2% |
| Op. Income | $62M | $109M | $128M | -43.5% | -51.8% |
| Gross Margin | 68.3% | 70.8% | 72.4% | -2.5pp | -4.0pp |
| Net Margin | 25.0% | 33.5% | 19.8% | -8.5pp | 5.2pp |
| EPS (Diluted) | $0.81 | $1.16 | $0.62 | -30.2% | 30.6% |
| Free Cash Flow | $503M | $59M | $479M | 745.5% | 5.1% |
| Item | Amount |
|---|---|
| REVENUE | $526M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $360M |
| R&D Expenses | $147M |
| Selling & Marketing | $89M |
| General & Administrative | $63M |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $298M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $8M |
| EBIT | $62M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $526M |
| Cost of Revenue | $167M |
| GROSS PROFIT | $360M |
| R&D Expenses | $147M |
| Selling & Marketing | $89M |
| General & Administrative | $63M |
| SG&A Expenses | $151M |
| Other Expenses | $0 |
| Operating Expenses | $298M |
| Cost & Expenses | $465M |
| OPERATING INCOME | $62M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $30M |
| INCOME BEFORE TAX | $92M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | $132M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $132M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $132M |
| D&A | $8M |
| EBIT | $62M |
| EBITDA | $69M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $132M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$22M |
| Other Non-Cash Items | $95M |
| Change in Working Capital | $293M |
| OPERATING CASH FLOW | $506M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$612M |
| Sales/Maturities of Investments | $318M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$297M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $503M |
| Net Change in Cash | $207M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $2.5B |
| Net Receivables | $451M |
| Inventory | $0 |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $102M |
| Goodwill | $440M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $156M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $835M |
| TOTAL ASSETS | $5.0B |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $870M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.9B |
| TOTAL LIABILITIES & EQUITY | $5.0B |
| Total Debt | $58M |
| Net Debt | -$1.0B |
