| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $155M | $133M | 1.2% | 18.1% |
| Op. Income | -$2M | -$2M | -$9M | 37.2% | 82.5% |
| Gross Margin | 61.1% | 60.4% | 61.0% | 0.7pp | 0.1pp |
| Net Margin | 1.7% | 9.9% | -13.7% | -8.2pp | 15.4pp |
| EPS (Diluted) | $0.02 | $0.10 | $-0.12 | -79.6% | 116.7% |
| Free Cash Flow | $5M | $29M | -$11M | -84.4% | 142.6% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $96M |
| R&D Expenses | $17M |
| Selling & Marketing | $40M |
| General & Administrative | $36M |
| SG&A Expenses | $76M |
| Other Expenses | $4M |
| Operating Expenses | $97M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $286.0K |
| Other Income/Expenses | -$286.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $22M |
| EBIT | -$2M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$651.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$502.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $9M |
| Net Receivables | $133M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $267M |
| PP&E (Net) | $114M |
| Goodwill | $254M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $44M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $489M |
| TOTAL ASSETS | $756M |
| Account Payables | $22M |
| Short-Term Debt | $3M |
| Deferred Revenue | $297M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $443M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $63M |
| TOTAL LIABILITIES | $506M |
| Common Stock | $155.0K |
| Additional Paid-In Capital | $274M |
| Retained Earnings | $2M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $250M |
| Minority Interest | $0 |
| TOTAL EQUITY | $250M |
| TOTAL LIABILITIES & EQUITY | $756M |
| Total Debt | $65M |
| Net Debt | $9M |
