| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $165M | $119M | 6.8% | 47.5% |
| Op. Income | -$302M | $7M | -$26M | -4397.5% | -1077.6% |
| Gross Margin | 66.5% | 77.2% | 72.6% | -10.7pp | -6.1pp |
| Net Margin | -169.0% | 6.6% | -20.0% | -175.6pp | -149.0pp |
| EPS (Diluted) | $-1.24 | $0.04 | $-0.09 | -3161.7% | -1208.0% |
| Free Cash Flow | $22M | $40M | -$22M | -44.6% | 197.9% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $117M |
| R&D Expenses | $141M |
| Selling & Marketing | $168M |
| General & Administrative | $110M |
| SG&A Expenses | $278M |
| Other Expenses | $0 |
| Operating Expenses | $419M |
| Cost & Expenses | $478M |
| OPERATING INCOME | -$302M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$296M |
| Income Tax Expense | $819.0K |
| Net Income from Continuing Ops | -$297M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$297M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$297M |
| D&A | $3M |
| EBIT | -$302M |
| EBITDA | -$299M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$297M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $300M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58M |
| NET CASH FROM FINANCING | $263M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $285M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $723M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $781M |
| PP&E (Net) | $82M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $208M |
| TOTAL NON-CURRENT ASSETS | $290M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $46M |
| TOTAL LIABILITIES | $166M |
| Common Stock | $259.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$773M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $905M |
| Minority Interest | $0 |
| TOTAL EQUITY | $905M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $54M |
| Net Debt | -$669M |
