| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $84M | $72M | 5.3% | 23.1% |
| Op. Income | -$18M | -$17M | -$23M | -3.8% | 23.0% |
| Gross Margin | 77.7% | 77.6% | 77.9% | 0.2pp | -0.2pp |
| Net Margin | -15.5% | -18.4% | -32.7% | 2.9pp | 17.2pp |
| EPS (Diluted) | $-0.13 | $-0.15 | $-0.24 | 13.3% | 45.8% |
| Free Cash Flow | $25M | $16M | $4M | 56.7% | 620.9% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $69M |
| R&D Expenses | $33M |
| Selling & Marketing | $38M |
| General & Administrative | $16M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$18M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $4M |
| EBIT | -$18M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$591.0K |
| Acquisitions (Net) | $15M |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | -$15M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $441M |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $587M |
| PP&E (Net) | $32M |
| Goodwill | $248M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $332M |
| TOTAL ASSETS | $920M |
| Account Payables | $15M |
| Short-Term Debt | $8M |
| Deferred Revenue | $179M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $234M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$12M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $267M |
| Common Stock | $294.0K |
| Additional Paid-In Capital | $935M |
| Retained Earnings | -$279M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $653M |
| Minority Interest | $0 |
| TOTAL EQUITY | $653M |
| TOTAL LIABILITIES & EQUITY | $920M |
| Total Debt | $40M |
| Net Debt | -$21M |
