| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $160M | $156M | $140M | 2.8% | 13.9% |
| Op. Income | $60M | $63M | $71M | -3.5% | -15.4% |
| Gross Margin | 72.8% | 75.1% | 90.9% | -2.3pp | -18.1pp |
| Net Margin | 31.0% | 32.7% | 42.3% | -1.7pp | -11.3pp |
| EPS (Diluted) | $0.35 | $0.36 | $0.41 | -2.8% | -14.6% |
| Free Cash Flow | $69M | $54M | $89M | 26.0% | -23.1% |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $808.0K |
| General & Administrative | $35M |
| SG&A Expenses | $36M |
| Other Expenses | $20M |
| Operating Expenses | $56M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $60M |
| Interest Income | $136M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $3M |
| EBIT | $60M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $116M |
| R&D Expenses | $0 |
| Selling & Marketing | $808.0K |
| General & Administrative | $35M |
| SG&A Expenses | $36M |
| Other Expenses | $20M |
| Operating Expenses | $56M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $60M |
| Interest Income | $136M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $50M |
| D&A | $3M |
| EBIT | $60M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $234.0K |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $73M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $212M |
| Other Investing Activities | -$216M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $164M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$26M |
| Other Financing Activities | -$91M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | $69M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $388M |
| Short-Term Investments | $4.7B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $153M |
| Goodwill | $0 |
| Intangible Assets | $315M |
| Long-Term Investments | $6.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $352M |
| TOTAL NON-CURRENT ASSETS | $7.7B |
| TOTAL ASSETS | $12.8B |
| Account Payables | $3M |
| Short-Term Debt | $730M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.7B |
| TOTAL CURRENT LIABILITIES | $11.4B |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $67M |
| TOTAL NON-CURRENT LIABILITIES | $88M |
| TOTAL LIABILITIES | $11.5B |
| Common Stock | $1M |
| Additional Paid-In Capital | $679M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$640M |
| Other Equity | $12M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $12.8B |
| Total Debt | $752M |
| Net Debt | $363M |
