| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $529M | $474M | $469M | 11.6% | 12.8% |
| Op. Income | -$45M | -$105M | -$45M | 57.1% | 0.0% |
| Gross Margin | 76.7% | 75.7% | 80.4% | 1.0pp | -3.6pp |
| Net Margin | -4.3% | -15.4% | -4.7% | 11.1pp | 0.3pp |
| EPS (Diluted) | $-0.10 | $-0.31 | $-0.03 | 68.4% | -187.4% |
| Free Cash Flow | $34M | $46M | $53M | -26.1% | -35.8% |
| Item | Amount |
|---|---|
| REVENUE | $529M |
| Cost of Revenue | $123M |
| GROSS PROFIT | $406M |
| R&D Expenses | $147M |
| Selling & Marketing | $166M |
| General & Administrative | $132M |
| SG&A Expenses | $298M |
| Other Expenses | $6M |
| Operating Expenses | $451M |
| Cost & Expenses | $574M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $64M |
| EBIT | -$12M |
| EBITDA | $52M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $108M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$46M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$297M |
| Sales/Maturities of Investments | $139M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$204M |
| Net Debt Issuance | $30M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $50M |
| NET CASH FROM FINANCING | $71M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $1.5B |
| Net Receivables | $100M |
| Inventory | $0 |
| Other Current Assets | $305M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $116M |
| Goodwill | $2.8B |
| Intangible Assets | $525M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $34M |
| Short-Term Debt | $731M |
| Deferred Revenue | $58M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $64M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $1.9B |
| Net Debt | $412M |
