| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $260M | $167M | 4.8% | 63.3% |
| Op. Income | -$54M | -$112M | -$83M | 51.8% | 34.8% |
| Gross Margin | 82.1% | 81.7% | 77.6% | 0.3pp | 4.4pp |
| Net Margin | -11.4% | -36.6% | -52.0% | 25.1pp | 40.5pp |
| EPS (Diluted) | $-0.29 | $-0.90 | $-0.84 | 67.8% | 65.5% |
| Free Cash Flow | $24M | $48M | $23M | -49.7% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $224M |
| R&D Expenses | $79M |
| Selling & Marketing | $115M |
| General & Administrative | $72M |
| SG&A Expenses | $187M |
| Other Expenses | $12M |
| Operating Expenses | $278M |
| Cost & Expenses | $327M |
| OPERATING INCOME | -$54M |
| Interest Income | $28M |
| Interest Expense | $4M |
| Other Income/Expenses | $24M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $542.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $27M |
| EBIT | -$26M |
| EBITDA | $147.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $64M |
| Deferred Income Tax | -$343.0K |
| Other Non-Cash Items | $297.0K |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$753M |
| Sales/Maturities of Investments | $834M |
| Other Investing Activities | -$96M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $23M |
| Common Stock Repurchased | -$24M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$346M |
| NET CASH FROM FINANCING | -$347M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | -$339M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.1B |
| Net Receivables | $465M |
| Inventory | $0 |
| Other Current Assets | $3.3B |
| TOTAL CURRENT ASSETS | $6.4B |
| PP&E (Net) | $148M |
| Goodwill | $2.4B |
| Intangible Assets | $382M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $9.4B |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.1B |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.9B |
| Retained Earnings | -$780M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $9.4B |
| Total Debt | $1.9B |
| Net Debt | $323M |
