| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $158M | $183M | $165M | -13.7% | -4.2% |
| Op. Income | -$58M | -$19M | -$11M | -209.5% | -406.1% |
| Gross Margin | 47.1% | 74.1% | 72.6% | -27.0pp | -25.5pp |
| Net Margin | -11.6% | 13.5% | 152.7% | -25.0pp | -164.3pp |
| EPS (Diluted) | $-0.16 | $-0.11 | $1.70 | -45.5% | -109.4% |
| Free Cash Flow | $9M | $46M | $16M | -79.6% | -41.4% |
| Item | Amount |
|---|---|
| REVENUE | $158M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $74M |
| R&D Expenses | $46M |
| Selling & Marketing | $29M |
| General & Administrative | $53M |
| SG&A Expenses | $82M |
| Other Expenses | $4M |
| Operating Expenses | $132M |
| Cost & Expenses | $216M |
| OPERATING INCOME | -$58M |
| Interest Income | $8M |
| Interest Expense | $733.0K |
| Other Income/Expenses | $40M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $172.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $57M |
| EBIT | -$17M |
| EBITDA | $40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $787.0K |
| Other Non-Cash Items | -$23M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | -$45M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | -$136M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$139M |
| FREE CASH FLOW | $9M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $94M |
| Short-Term Investments | $167M |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $348M |
| PP&E (Net) | $195M |
| Goodwill | $618M |
| Intangible Assets | $57M |
| Long-Term Investments | $413M |
| Tax Assets | $146M |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $59M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $599M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $621M |
| TOTAL LIABILITIES | $771M |
| Common Stock | $116.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$62M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $619M |
| Net Debt | $524M |
