| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $229M | — | $230M | — | -0.5% |
| Op. Income | $4M | — | $50M | — | -92.2% |
| Gross Margin | 73.4% | — | 72.2% | — | 1.2pp |
| Net Margin | -8.0% | — | -51.2% | — | 43.2pp |
| EPS (Diluted) | $-0.05 | — | $-0.51 | — | 91.0% |
| Free Cash Flow | $13M | — | $33M | — | -61.5% |
| Item | Amount |
|---|---|
| REVENUE | $229M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $168M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $97M |
| Other Expenses | $67M |
| Operating Expenses | $164M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $21M |
| EBIT | $50M |
| EBITDA | $71M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $4M |
| Net Receivables | $197M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $341M |
| PP&E (Net) | $217M |
| Goodwill | $1.5B |
| Intangible Assets | $396M |
| Long-Term Investments | $39M |
| Tax Assets | $8M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $94M |
| Short-Term Debt | $9M |
| Deferred Revenue | $169M |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $408M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$112M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $559M |
| Minority Interest | $48M |
| TOTAL EQUITY | $607M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
