| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $497M | $455M | $356M | 9.2% | 39.7% |
| Op. Income | -$47M | -$42M | -$64M | -11.3% | 27.4% |
| Gross Margin | 77.5% | 77.4% | 78.5% | 0.1pp | -1.0pp |
| Net Margin | -6.7% | -6.7% | -19.2% | 0.0pp | 12.4pp |
| EPS (Diluted) | $-0.23 | $-0.21 | $-0.48 | -9.5% | 52.1% |
| Free Cash Flow | $225M | $101M | $96M | 121.8% | 135.0% |
| Item | Amount |
|---|---|
| REVENUE | $497M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $385M |
| R&D Expenses | $114M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $318M |
| Other Expenses | $0 |
| Operating Expenses | $432M |
| Cost & Expenses | $543M |
| OPERATING INCOME | -$47M |
| Interest Income | $26M |
| Interest Expense | $3M |
| Other Income/Expenses | $22M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $27M |
| EBIT | -$21M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $129M |
| Deferred Income Tax | -$43.0K |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $108M |
| OPERATING CASH FLOW | $261M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$376M |
| Sales/Maturities of Investments | $254M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$163M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $225M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $963M |
| Net Receivables | $367M |
| Inventory | $0 |
| Other Current Assets | $200M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $343M |
| Goodwill | $92M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $283M |
| TOTAL NON-CURRENT ASSETS | $744M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $98M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $155M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $148.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $808M |
| Minority Interest | $0 |
| TOTAL EQUITY | $808M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.2B |
| Net Debt | -$146M |
