| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $140M | $175M | $159M | -20.0% | -11.9% |
| Op. Income | -$35M | -$12M | -$44M | -182.8% | 19.5% |
| Gross Margin | 95.3% | 97.2% | 14.1% | -1.9pp | 81.1pp |
| Net Margin | 21.5% | 3.4% | 15.8% | 18.1pp | 5.7pp |
| EPS (Diluted) | $0.46 | $0.09 | $0.39 | 403.9% | 18.2% |
| Free Cash Flow | -$142M | -$151M | -$150M | 5.7% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $140M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $134M |
| R&D Expenses | $117M |
| Selling & Marketing | $80M |
| General & Administrative | $19M |
| SG&A Expenses | $99M |
| Other Expenses | -$47M |
| Operating Expenses | $169M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $334.5K |
| Other Income/Expenses | $65M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | -$116.9K |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $0 |
| EBIT | $35M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | -$22M |
| Stock-Based Compensation | -$32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$78M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$139M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $217M |
| NET CASH FROM INVESTING | $213M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$142M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $186M |
| Short-Term Investments | $4.3B |
| Net Receivables | $85M |
| Inventory | $65M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $4.6B |
| PP&E (Net) | $160M |
| Goodwill | $82M |
| Intangible Assets | $155M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $181M |
| TOTAL NON-CURRENT ASSETS | $579M |
| TOTAL ASSETS | $5.2B |
| Account Payables | $142M |
| Short-Term Debt | $0 |
| Deferred Revenue | $369M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $519M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1.5B |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $344M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$471M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $17M |
| Net Debt | -$170M |
