| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $90M | $85M | -5.4% | 1.0% |
| Op. Income | -$53M | $13M | $11M | -504.8% | -586.1% |
| Gross Margin | 58.1% | 60.0% | 61.3% | -1.9pp | -3.2pp |
| Net Margin | -57.2% | 5.2% | 4.6% | -62.4pp | -61.9pp |
| EPS (Diluted) | $-0.31 | $0.03 | $0.02 | -1154.4% | -1355.1% |
| Free Cash Flow | $31M | $18M | $21M | 74.9% | 50.5% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $50M |
| R&D Expenses | $9M |
| Selling & Marketing | $7M |
| General & Administrative | $28M |
| SG&A Expenses | $35M |
| Other Expenses | $59M |
| Operating Expenses | $102M |
| Cost & Expenses | $138M |
| OPERATING INCOME | -$53M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$825.0K |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$49M |
| D&A | $14M |
| EBIT | -$48M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $51M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$311.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$755.0K |
| Common Stock Repurchased | -$170.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$925.0K |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $272M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $370M |
| PP&E (Net) | $12M |
| Goodwill | $673M |
| Intangible Assets | $463M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $5M |
| Short-Term Debt | $3M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $289M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $370M |
| TOTAL LIABILITIES | $475M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$104M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $303M |
| Net Debt | $31M |
