| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $474M | $496M | $435M | -4.4% | 9.0% |
| Op. Income | -$105M | -$53M | -$73M | -98.1% | -43.8% |
| Gross Margin | 75.7% | 77.8% | 79.5% | -2.1pp | -3.8pp |
| Net Margin | -15.4% | -5.6% | -16.6% | -9.8pp | 1.2pp |
| EPS (Diluted) | $-0.31 | $-0.12 | $-0.30 | -158.3% | -3.3% |
| Free Cash Flow | $46M | $34M | $48M | 35.3% | -4.2% |
| Item | Amount |
|---|---|
| REVENUE | $474M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $359M |
| R&D Expenses | $141M |
| Selling & Marketing | $165M |
| General & Administrative | $146M |
| SG&A Expenses | $311M |
| Other Expenses | $12M |
| Operating Expenses | $464M |
| Cost & Expenses | $579M |
| OPERATING INCOME | -$105M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $35M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $75M |
| EBIT | -$61M |
| EBITDA | $14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $75M |
| Stock-Based Compensation | $109M |
| Deferred Income Tax | -$242M |
| Other Non-Cash Items | $247M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $86M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$399M |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$314M |
| Net Debt Issuance | -$54M |
| Common Stock Repurchased | -$88M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$126M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$354M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $1.3B |
| Net Receivables | $96M |
| Inventory | -$3M |
| Other Current Assets | $243M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $401M |
| Goodwill | $2.8B |
| Intangible Assets | $241M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $28M |
| Short-Term Debt | $700M |
| Deferred Revenue | $52M |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $971M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.8B |
| Net Debt | $337M |
