| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $216M | $206M | $180M | 4.8% | 20.1% |
| Op. Income | $12M | $5M | $13M | 128.6% | -6.4% |
| Gross Margin | 47.8% | 45.4% | 46.5% | 2.4pp | 1.3pp |
| Net Margin | -0.8% | -5.2% | -2.8% | 4.4pp | 2.0pp |
| EPS (Diluted) | $-0.02 | $-0.13 | $-0.06 | 85.1% | 67.8% |
| Free Cash Flow | $34M | $19M | -$57M | 80.8% | 159.9% |
| Item | Amount |
|---|---|
| REVENUE | $216M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $103M |
| R&D Expenses | $49M |
| Selling & Marketing | $17M |
| General & Administrative | $25M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $91M |
| Cost & Expenses | $204M |
| OPERATING INCOME | $12M |
| Interest Income | $443.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $41M |
| EBIT | $6M |
| EBITDA | $46M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $815.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$588.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $332M |
| PP&E (Net) | $74M |
| Goodwill | $1.6B |
| Intangible Assets | $965M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $48M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $3.1B |
| Account Payables | $16M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $911M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $89M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | $150M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $998M |
| Net Debt | $788M |
