| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $457M | $462M | $360M | -1.2% | 26.7% |
| Op. Income | -$30M | -$24M | -$33M | -25.8% | 10.9% |
| Gross Margin | 12.9% | 11.2% | 13.2% | 1.7pp | -0.3pp |
| Net Margin | -7.7% | -6.2% | -11.2% | -1.5pp | 3.5pp |
| EPS (Diluted) | $-0.19 | $-0.15 | $-0.22 | -26.7% | 13.6% |
| Free Cash Flow | -$4M | $29M | $99M | -112.4% | -103.6% |
| Item | Amount |
|---|---|
| REVENUE | $457M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $5M |
| Operating Expenses | $89M |
| Cost & Expenses | $486M |
| OPERATING INCOME | -$30M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $6M |
| EBIT | -$30M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$985.0K |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$125M |
| Sales/Maturities of Investments | $125M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $392M |
| Short-Term Investments | $124M |
| Net Receivables | $106M |
| Inventory | $0 |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $667M |
| PP&E (Net) | $58M |
| Goodwill | $35M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $771M |
| Account Payables | $229M |
| Short-Term Debt | $0 |
| Deferred Revenue | $146M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $410M |
| Long-Term Debt | $162M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $171M |
| TOTAL LIABILITIES | $581M |
| Common Stock | $189.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$833M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $189M |
| Minority Interest | $1M |
| TOTAL EQUITY | $190M |
| TOTAL LIABILITIES & EQUITY | $771M |
| Total Debt | $171M |
| Net Debt | -$221M |
