| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $264M | $252M | $230M | 4.8% | 14.8% |
| Op. Income | -$15M | -$19M | -$26M | 20.4% | 40.1% |
| Gross Margin | 53.8% | 53.0% | 51.7% | 0.8pp | 2.1pp |
| Net Margin | -1.7% | -5.1% | -8.9% | 3.4pp | 7.2pp |
| EPS (Diluted) | $-0.06 | $-0.17 | $-0.28 | 64.8% | 78.6% |
| Free Cash Flow | $21M | $8M | $31M | 157.1% | -33.9% |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $142M |
| R&D Expenses | $42M |
| Selling & Marketing | $79M |
| General & Administrative | $37M |
| SG&A Expenses | $115M |
| Other Expenses | $0 |
| Operating Expenses | $158M |
| Cost & Expenses | $280M |
| OPERATING INCOME | -$15M |
| Interest Income | $11M |
| Interest Expense | $4M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $17M |
| EBIT | -$4M |
| EBITDA | $13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $16M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$167M |
| Purchases of Investments | -$177M |
| Sales/Maturities of Investments | $440M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $75M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $676M |
| Net Receivables | $123M |
| Inventory | $0 |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $201M |
| Goodwill | $365M |
| Intangible Assets | $70M |
| Long-Term Investments | $750.0K |
| Tax Assets | $4M |
| Other Non-Current Assets | $163M |
| TOTAL NON-CURRENT ASSETS | $804M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $34M |
| Short-Term Debt | $433M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $650M |
| Long-Term Debt | $731M |
| Deferred Revenue NC | $627.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $792M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $993M |
| Retained Earnings | -$429M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $566M |
| Minority Interest | $0 |
| TOTAL EQUITY | $566M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.2B |
| Net Debt | $946M |
