| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $467M | $449M | $434M | 4.0% | 7.6% |
| Op. Income | $81M | $84M | $96M | -3.8% | -16.1% |
| Gross Margin | 83.7% | 83.2% | 83.3% | 0.5pp | 0.4pp |
| Net Margin | 17.7% | 18.0% | 20.2% | -0.3pp | -2.5pp |
| EPS (Diluted) | $0.30 | $0.28 | $0.30 | 5.1% | 0.0% |
| Free Cash Flow | $26M | $74M | $48M | -64.8% | -45.3% |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $391M |
| R&D Expenses | $19M |
| Selling & Marketing | $77M |
| General & Administrative | $14M |
| SG&A Expenses | $92M |
| Other Expenses | $199M |
| Operating Expenses | $310M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $0 |
| EBIT | $81M |
| EBITDA | $81M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $467M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $391M |
| R&D Expenses | $19M |
| Selling & Marketing | $77M |
| General & Administrative | $14M |
| SG&A Expenses | $92M |
| Other Expenses | $199M |
| Operating Expenses | $310M |
| Cost & Expenses | $386M |
| OPERATING INCOME | $81M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $99M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $83M |
| D&A | $0 |
| EBIT | $81M |
| EBITDA | $81M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $83M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$61M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $86M |
| NET CASH FROM INVESTING | $86M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $95M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $833M |
| Short-Term Investments | $413M |
| Net Receivables | $806M |
| Inventory | $0 |
| Other Current Assets | $751M |
| TOTAL CURRENT ASSETS | $2.8B |
| PP&E (Net) | $47M |
| Goodwill | $7M |
| Intangible Assets | $14M |
| Long-Term Investments | $165M |
| Tax Assets | $213M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $446M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $274M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $654M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $49M |
| Other Non-Current Liabilities | $541M |
| TOTAL NON-CURRENT LIABILITIES | $614M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $839M |
| Retained Earnings | $1.2B |
| Treasury Stock | -$146M |
| Accum. Other Comp. Income | $115M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $19M |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $23M |
| Net Debt | -$810M |
