| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $167M | $162M | $141M | 2.5% | 17.7% |
| Op. Income | -$63M | -$73M | -$101M | 13.6% | 37.3% |
| Gross Margin | 90.4% | 90.0% | 89.3% | 0.4pp | 1.1pp |
| Net Margin | -37.1% | -44.0% | -71.3% | 6.9pp | 34.3pp |
| EPS (Diluted) | $-0.28 | $-0.33 | $-0.49 | 15.2% | 42.9% |
| Free Cash Flow | -$11M | $15M | -$49M | -178.5% | 76.4% |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $150M |
| R&D Expenses | $81M |
| Selling & Marketing | $98M |
| General & Administrative | $34M |
| SG&A Expenses | $133M |
| Other Expenses | -$1M |
| Operating Expenses | $214M |
| Cost & Expenses | $230M |
| OPERATING INCOME | -$63M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $796.0K |
| NET INCOME | -$62M |
| D&A | $4M |
| EBIT | -$60M |
| EBITDA | -$56M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $47.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $138M |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$138M |
| NET CASH FROM INVESTING | -$141M |
| Net Debt Issuance | -$625.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$145M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $262M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $644M |
| PP&E (Net) | $281M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $304M |
| TOTAL ASSETS | $948M |
| Account Payables | $10M |
| Short-Term Debt | $18M |
| Deferred Revenue | $250M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $343M |
| Long-Term Debt | $45M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $273M |
| TOTAL LIABILITIES | $616M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $332M |
| Minority Interest | $0 |
| TOTAL EQUITY | $332M |
| TOTAL LIABILITIES & EQUITY | $948M |
| Total Debt | $283M |
| Net Debt | $14M |
