| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $764M | $716M | $668M | 6.7% | 14.4% |
| Op. Income | -$2.5B | $119M | $33M | -2164.7% | -7545.5% |
| Gross Margin | 73.4% | 73.6% | 72.6% | -0.2pp | 0.8pp |
| Net Margin | -261.6% | 15.9% | 5.4% | -277.6pp | -267.0pp |
| EPS (Diluted) | $-7.14 | $0.08 | $0.13 | -9081.1% | -5592.3% |
| Free Cash Flow | $95M | $159M | $121M | -40.3% | -21.5% |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $203M |
| GROSS PROFIT | $561M |
| R&D Expenses | $1.9B |
| Selling & Marketing | $455M |
| General & Administrative | $568M |
| SG&A Expenses | $1.0B |
| Other Expenses | $145M |
| Operating Expenses | $3.0B |
| Cost & Expenses | $3.2B |
| OPERATING INCOME | -$2.5B |
| Interest Income | $23M |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$2.4B |
| Income Tax Expense | -$440M |
| Net Income from Continuing Ops | -$2.0B |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2.0B |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2.0B |
| D&A | $15M |
| EBIT | -$2.5B |
| EBITDA | -$2.4B |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$2.0B |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2.6B |
| Deferred Income Tax | -$412M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$111M |
| OPERATING CASH FLOW | $111M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$73M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $83M |
| Other Investing Activities | $73M |
| NET CASH FROM INVESTING | $57M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$569M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $95M |
| Net Change in Cash | $172M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $56M |
| Net Receivables | $841M |
| Inventory | $0 |
| Other Current Assets | $91M |
| TOTAL CURRENT ASSETS | $3.1B |
| PP&E (Net) | $141M |
| Goodwill | $318M |
| Intangible Assets | $82M |
| Long-Term Investments | $19M |
| Tax Assets | $775M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $57M |
| Short-Term Debt | $13M |
| Deferred Revenue | $201M |
| Other Current Liabilities | $372M |
| TOTAL CURRENT LIABILITIES | $683M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $762M |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $43M |
| Net Debt | -$2.0B |
