| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $645M | $622M | $545M | 3.7% | 18.3% |
| Op. Income | -$27M | -$41M | -$3M | 33.2% | -716.9% |
| Gross Margin | 79.9% | 78.0% | 78.7% | 1.9pp | 1.2pp |
| Net Margin | -4.6% | -7.2% | -1.0% | 2.6pp | -3.6pp |
| EPS (Diluted) | $-0.15 | $-0.22 | $-0.03 | 31.8% | -422.6% |
| Free Cash Flow | $36M | $105M | $90M | -65.8% | -59.9% |
| Item | Amount |
|---|---|
| REVENUE | $645M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $516M |
| R&D Expenses | $116M |
| Selling & Marketing | $314M |
| General & Administrative | $86M |
| SG&A Expenses | $399M |
| Other Expenses | $28M |
| Operating Expenses | $543M |
| Cost & Expenses | $673M |
| OPERATING INCOME | -$27M |
| Interest Income | $820.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$636.0K |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $22M |
| EBIT | -$27M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $141M |
| Deferred Income Tax | -$23.0K |
| Other Non-Cash Items | $58M |
| Change in Working Capital | -$138M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$107M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$23M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $633M |
| Short-Term Investments | $343M |
| Net Receivables | $436M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $288M |
| Goodwill | $352M |
| Intangible Assets | $75M |
| Long-Term Investments | $130M |
| Tax Assets | $0 |
| Other Non-Current Assets | $405M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $47M |
| Short-Term Debt | $37M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $685M |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $814M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$34M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $469M |
| Minority Interest | $0 |
| TOTAL EQUITY | $469M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $838M |
| Net Debt | $205M |
