| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $410M | $407M | $353M | 0.6% | 16.1% |
| Op. Income | -$3M | -$24M | -$7M | 87.6% | 57.1% |
| Gross Margin | 28.8% | 33.6% | 37.2% | -4.7pp | -8.3pp |
| Net Margin | -1.9% | -7.1% | -1.8% | 5.1pp | -0.1pp |
| EPS (Diluted) | $-0.15 | $-0.54 | $-0.12 | 72.2% | -25.0% |
| Free Cash Flow | -$37M | $14M | -$13M | -354.9% | -191.0% |
| Item | Amount |
|---|---|
| REVENUE | $410M |
| Cost of Revenue | $292M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $53M |
| General & Administrative | $70M |
| SG&A Expenses | $123M |
| Other Expenses | -$2M |
| Operating Expenses | $121M |
| Cost & Expenses | $413M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$374.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $21M |
| EBIT | -$5M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$12M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $78M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $92M |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | $136M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $43M |
| Net Receivables | $86M |
| Inventory | $0 |
| Other Current Assets | $628M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $185M |
| Goodwill | $0 |
| Intangible Assets | $403M |
| Long-Term Investments | $2.1B |
| Tax Assets | $128M |
| Other Non-Current Assets | $228M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $95M |
| Short-Term Debt | $2M |
| Deferred Revenue | $223M |
| Other Current Liabilities | $3.9B |
| TOTAL CURRENT LIABILITIES | $4.3B |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $47M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $54.0K |
| Additional Paid-In Capital | $401M |
| Retained Earnings | $738M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$207M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $932M |
| Minority Interest | $0 |
| TOTAL EQUITY | $932M |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $48M |
| Net Debt | -$1.4B |
