| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $279M | $241M | 6.5% | 23.5% |
| Op. Income | $34M | $20M | $21M | 66.1% | 59.7% |
| Gross Margin | 81.2% | 80.1% | 81.5% | 1.2pp | -0.3pp |
| Net Margin | 5.1% | 3.8% | 6.1% | 1.3pp | -1.0pp |
| EPS (Diluted) | $0.05 | $0.04 | $0.05 | 38.1% | 0.0% |
| Free Cash Flow | $58M | $25M | $57M | 129.7% | 1.6% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $242M |
| R&D Expenses | $55M |
| Selling & Marketing | $112M |
| General & Administrative | $34M |
| SG&A Expenses | $147M |
| Other Expenses | $7M |
| Operating Expenses | $208M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $14M |
| EBIT | $34M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $242M |
| R&D Expenses | $55M |
| Selling & Marketing | $112M |
| General & Administrative | $34M |
| SG&A Expenses | $147M |
| Other Expenses | $7M |
| Operating Expenses | $208M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $14M |
| EBIT | $34M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$221M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$203M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | -$141M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $422M |
| Short-Term Investments | $0 |
| Net Receivables | $304M |
| Inventory | $0 |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $831M |
| PP&E (Net) | $119M |
| Goodwill | $1.3B |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $647M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $831M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $23.0K |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $116M |
| TOTAL LIABILITIES | $947M |
| Common Stock | $289.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$434M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $75M |
| Net Debt | -$348M |
