| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $200M | $189M | $152M | 5.8% | 31.9% |
| Op. Income | -$109M | -$119M | -$119M | 9.0% | 8.6% |
| Gross Margin | 71.8% | 69.4% | 65.0% | 2.4pp | 6.8pp |
| Net Margin | -46.3% | -54.6% | -76.5% | 8.3pp | 30.2pp |
| EPS (Diluted) | $-0.30 | $-0.35 | $-0.41 | 14.3% | 26.8% |
| Free Cash Flow | -$13M | -$35M | -$46M | 62.8% | 71.3% |
| Item | Amount |
|---|---|
| REVENUE | $200M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $144M |
| R&D Expenses | $91M |
| Selling & Marketing | $129M |
| General & Administrative | $32M |
| SG&A Expenses | $160M |
| Other Expenses | $529.0K |
| Operating Expenses | $252M |
| Cost & Expenses | $309M |
| OPERATING INCOME | -$109M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $4M |
| EBIT | -$108M |
| EBITDA | -$104M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $90M |
| Deferred Income Tax | $15.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$236M |
| Sales/Maturities of Investments | $228M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$32.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | $26M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $317M |
| Short-Term Investments | $1.6B |
| Net Receivables | $183M |
| Inventory | $0 |
| Other Current Assets | $112M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $194M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $301M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $789M |
| Minority Interest | $0 |
| TOTAL EQUITY | $789M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.1B |
| Net Debt | $798M |
