| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | — | $1.3B | — | -14.6% |
| Op. Income | -$33M | — | -$125M | — | 73.7% |
| Gross Margin | 69.2% | — | 65.3% | — | 3.9pp |
| Net Margin | -35.1% | — | -4.9% | — | -30.2pp |
| EPS (Diluted) | $-4.72 | — | $-0.74 | — | -537.8% |
| Free Cash Flow | -$4M | — | -$133M | — | 97.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $342M |
| GROSS PROFIT | $769M |
| R&D Expenses | $80M |
| Selling & Marketing | $407M |
| General & Administrative | $211M |
| SG&A Expenses | $618M |
| Other Expenses | $104M |
| Operating Expenses | $802M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$33M |
| Interest Income | $18M |
| Interest Expense | $40M |
| Other Income/Expenses | -$478M |
| INCOME BEFORE TAX | -$511M |
| Income Tax Expense | -$119M |
| Net Income from Continuing Ops | -$392M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$391M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$391M |
| D&A | $95M |
| EBIT | -$471M |
| EBITDA | -$376M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$391M |
| Depreciation & Amortization | $83M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $368M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$58M |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $174M |
| Net Receivables | $519M |
| Inventory | $0 |
| Other Current Assets | $267M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $478M |
| Goodwill | $3.0B |
| Intangible Assets | $1.0B |
| Long-Term Investments | $2.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $495M |
| TOTAL NON-CURRENT ASSETS | $7.8B |
| TOTAL ASSETS | $10.0B |
| Account Payables | $144M |
| Short-Term Debt | $30M |
| Deferred Revenue | $166M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $61M |
| Other Non-Current Liabilities | $489M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$327M |
| Treasury Stock | -$252M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.7B |
| Minority Interest | $705M |
| TOTAL EQUITY | $6.4B |
| TOTAL LIABILITIES & EQUITY | $10.0B |
| Total Debt | $2.0B |
| Net Debt | $778M |
