| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $554M | $581M | $474M | -4.6% | 16.9% |
| Op. Income | -$69M | -$45M | -$105M | -53.3% | 34.3% |
| Gross Margin | 75.8% | 75.9% | 75.7% | -0.1pp | 0.1pp |
| Net Margin | -9.4% | -3.4% | -15.4% | -5.9pp | 6.0pp |
| EPS (Diluted) | $-0.22 | $-0.09 | $-0.31 | -155.8% | 29.0% |
| Free Cash Flow | $81M | $131M | $46M | -38.2% | 76.1% |
| Item | Amount |
|---|---|
| REVENUE | $554M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $420M |
| R&D Expenses | $149M |
| Selling & Marketing | $202M |
| General & Administrative | $138M |
| SG&A Expenses | $340M |
| Other Expenses | $0 |
| Operating Expenses | $489M |
| Cost & Expenses | $623M |
| OPERATING INCOME | -$69M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$51M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$52M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$52M |
| D&A | $69M |
| EBIT | -$43M |
| EBITDA | $26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $64M |
| Stock-Based Compensation | $119M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $122M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $360M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $274M |
| Net Debt Issuance | -$502M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$386M |
| FREE CASH FLOW | $81M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $776M |
| Net Receivables | $104M |
| Inventory | $0 |
| Other Current Assets | $372M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $419M |
| Goodwill | $2.8B |
| Intangible Assets | $207M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $5.8B |
| Account Payables | $30M |
| Short-Term Debt | $577M |
| Deferred Revenue | $62M |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $831M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $981M |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $5.8B |
| Total Debt | $660M |
| Net Debt | -$422M |
