| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $154M | $145M | $129M | 5.8% | 19.3% |
| Op. Income | -$39M | -$43M | -$58M | 10.5% | 33.5% |
| Gross Margin | 82.9% | 82.9% | 81.2% | 0.0pp | 1.7pp |
| Net Margin | -20.2% | -24.6% | -44.9% | 4.4pp | 24.7pp |
| EPS (Diluted) | $-0.11 | $-0.12 | $-0.20 | 8.3% | 45.0% |
| Free Cash Flow | $22M | $18M | -$7M | 22.1% | 405.0% |
| Item | Amount |
|---|---|
| REVENUE | $154M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $127M |
| R&D Expenses | $35M |
| Selling & Marketing | $91M |
| General & Administrative | $40M |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $166M |
| Cost & Expenses | $192M |
| OPERATING INCOME | -$39M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $3M |
| EBIT | -$39M |
| EBITDA | -$36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$104M |
| Purchases of Investments | -$161M |
| Sales/Maturities of Investments | $265M |
| Other Investing Activities | $104M |
| NET CASH FROM INVESTING | $102M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$24M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $458M |
| Short-Term Investments | $706M |
| Net Receivables | $80M |
| Inventory | $0 |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $55M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $99M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $250M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $360M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $31M |
| Net Debt | -$427M |
