| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $420M | $404M | $374M | 4.0% | 12.2% |
| Op. Income | $10M | $2M | -$33M | 446.6% | 129.0% |
| Gross Margin | 67.3% | 68.8% | 65.4% | -1.5pp | 1.9pp |
| Net Margin | 5.7% | 0.7% | -2.8% | 5.0pp | 8.5pp |
| EPS (Diluted) | $0.41 | $0.05 | $-0.18 | 720.0% | 327.8% |
| Free Cash Flow | $106M | $77M | $25M | 36.9% | 322.4% |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $282M |
| R&D Expenses | $124M |
| Selling & Marketing | $107M |
| General & Administrative | $41M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $273M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $10M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $8M |
| EBIT | $10M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $282M |
| R&D Expenses | $124M |
| Selling & Marketing | $107M |
| General & Administrative | $41M |
| SG&A Expenses | $149M |
| Other Expenses | $0 |
| Operating Expenses | $273M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $10M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $8M |
| EBIT | $10M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $58M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $114M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$59M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$241M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | -$219M |
| FREE CASH FLOW | $106M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $515M |
| Short-Term Investments | $369M |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1000M |
| PP&E (Net) | $553M |
| Goodwill | $49M |
| Intangible Assets | $27M |
| Long-Term Investments | $35M |
| Tax Assets | $27M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $692M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $626M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $813M |
| Long-Term Debt | $571M |
| Deferred Revenue NC | $91M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $107.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$800M |
| Accum. Other Comp. Income | $883.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$194M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$194M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $994M |
| Net Debt | $479M |
