| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $154M | $136M | 7.7% | 21.4% |
| Op. Income | -$40M | -$38M | -$36M | -3.1% | -8.9% |
| Gross Margin | 50.3% | 51.9% | 64.2% | -1.6pp | -13.9pp |
| Net Margin | -19.4% | -20.7% | -26.4% | 1.3pp | 7.0pp |
| EPS (Diluted) | $-0.21 | $-0.21 | $-0.25 | 0.0% | 16.0% |
| Free Cash Flow | $16M | -$12M | $1M | 235.1% | 1093.4% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $83M |
| R&D Expenses | $38M |
| Selling & Marketing | $60M |
| General & Administrative | $25M |
| SG&A Expenses | $85M |
| Other Expenses | -$325.0K |
| Operating Expenses | $123M |
| Cost & Expenses | $205M |
| OPERATING INCOME | -$40M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$40M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $28M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $491.0K |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $145M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $137M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $144M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $507M |
| Short-Term Investments | $214M |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $803M |
| PP&E (Net) | $36M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $112M |
| TOTAL ASSETS | $914M |
| Account Payables | $123M |
| Short-Term Debt | $7M |
| Deferred Revenue | $139M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $296M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $301M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$760M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$219.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $914M |
| Total Debt | $8M |
| Net Debt | -$499M |
