| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $223M | $198M | 3.2% | 16.0% |
| Op. Income | -$26M | -$25M | -$22M | -2.0% | -18.4% |
| Gross Margin | 51.7% | 53.2% | 52.6% | -1.5pp | -0.8pp |
| Net Margin | -8.9% | -9.8% | -11.7% | 0.9pp | 2.8pp |
| EPS (Diluted) | $-0.28 | $-0.30 | $-0.33 | 6.7% | 15.2% |
| Free Cash Flow | $31M | $13M | $18M | 135.3% | 75.4% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $111M |
| GROSS PROFIT | $119M |
| R&D Expenses | $40M |
| Selling & Marketing | $73M |
| General & Administrative | $31M |
| SG&A Expenses | $104M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $256M |
| OPERATING INCOME | -$26M |
| Interest Income | $8M |
| Interest Expense | $2M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $942.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $30M |
| EBIT | -$18M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $188.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$81M |
| Purchases of Investments | -$207M |
| Sales/Maturities of Investments | $188M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$105M |
| Net Debt Issuance | -$496.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $834.0K |
| NET CASH FROM FINANCING | $338.0K |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $572M |
| Net Receivables | $97M |
| Inventory | $0 |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $891M |
| PP&E (Net) | $148M |
| Goodwill | $227M |
| Intangible Assets | $41M |
| Long-Term Investments | $2M |
| Tax Assets | $4M |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $566M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $65M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $172M |
| Long-Term Debt | $741M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $463.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $791M |
| TOTAL LIABILITIES | $963M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $887M |
| Retained Earnings | -$392M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$798.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $494M |
| Minority Interest | $0 |
| TOTAL EQUITY | $494M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $796M |
| Net Debt | $668M |
