| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $123M | $109M | 4.1% | 17.8% |
| Op. Income | -$58M | -$50M | -$66M | -17.1% | 11.3% |
| Gross Margin | 51.7% | 52.3% | 48.6% | -0.6pp | 3.2pp |
| Net Margin | -42.5% | -8.7% | -58.4% | -33.8pp | 16.0pp |
| EPS (Diluted) | $-0.42 | $-0.08 | $-0.52 | -401.8% | 19.2% |
| Free Cash Flow | -$14M | $14M | -$37M | -195.6% | 63.4% |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $66M |
| R&D Expenses | $39M |
| Selling & Marketing | $51M |
| General & Administrative | $30M |
| SG&A Expenses | $81M |
| Other Expenses | $4M |
| Operating Expenses | $124M |
| Cost & Expenses | $186M |
| OPERATING INCOME | -$58M |
| Interest Income | $5M |
| Interest Expense | $862.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | -$1.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $18M |
| EBIT | -$53M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $191M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$194M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $158M |
| Net Receivables | $99M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $551M |
| PP&E (Net) | $256M |
| Goodwill | $670M |
| Intangible Assets | $67M |
| Long-Term Investments | $32M |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $473M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $529M |
| TOTAL LIABILITIES | $672M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$811M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $969M |
| Minority Interest | $0 |
| TOTAL EQUITY | $969M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $565M |
| Net Debt | $295M |
