| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $172M | $151M | 17.7% | 34.2% |
| Op. Income | $134M | $163M | -$103M | -17.6% | 230.9% |
| Gross Margin | 95.9% | 90.2% | 92.8% | 5.7pp | 3.1pp |
| Net Margin | 1.1% | 20.9% | -123.4% | -19.9pp | 124.5pp |
| EPS (Diluted) | $-0.21 | $0.24 | $-2.70 | -187.5% | 92.2% |
| Free Cash Flow | $45M | $107M | $41M | -58.2% | 10.0% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $194M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $68M |
| OPERATING INCOME | $134M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $75.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $0 |
| EBIT | $134M |
| EBITDA | $134M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $194M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $68M |
| OPERATING INCOME | $134M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$132M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $75.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $0 |
| EBIT | $134M |
| EBITDA | $134M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $71M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $347M |
| NET CASH FROM INVESTING | $368M |
| Net Debt Issuance | -$406M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$475M |
| FREE CASH FLOW | $45M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $0 |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | -$211M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $12.9B |
| Account Payables | $0 |
| Short-Term Debt | $2.9B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $115M |
| TOTAL CURRENT LIABILITIES | $3.0B |
| Long-Term Debt | $7.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.4B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $181M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $12.9B |
| Total Debt | $10.3B |
| Net Debt | $10.1B |
