| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $271M | $300M | $320M | -9.7% | -15.2% |
| Op. Income | $8M | $15M | $36M | -43.7% | -76.8% |
| Gross Margin | 50.3% | 55.2% | 68.0% | -5.0pp | -17.7pp |
| Net Margin | 1.8% | 3.4% | 13.5% | -1.5pp | -11.7pp |
| EPS (Diluted) | $0.05 | $0.09 | $0.41 | -51.0% | -88.8% |
| Free Cash Flow | -$361M | -$107M | $93M | -236.6% | -488.2% |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $58M |
| SG&A Expenses | $78M |
| Other Expenses | $50M |
| Operating Expenses | $128M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $8M |
| Interest Income | $207M |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $11M |
| EBIT | $8M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $135M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $58M |
| SG&A Expenses | $78M |
| Other Expenses | $50M |
| Operating Expenses | $128M |
| Cost & Expenses | $263M |
| OPERATING INCOME | $8M |
| Interest Income | $207M |
| Interest Expense | $70M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $11M |
| EBIT | $8M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$371M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$345M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $333M |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | $326M |
| Net Debt Issuance | $135M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $131M |
| FREE CASH FLOW | -$361M |
| Net Change in Cash | $112M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $796M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $213M |
| Goodwill | $76M |
| Intangible Assets | $13M |
| Long-Term Investments | $5.5B |
| Tax Assets | $172M |
| Other Non-Current Assets | $254M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $8.5B |
| Account Payables | $54M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7.0B |
| TOTAL CURRENT LIABILITIES | $7.1B |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $115M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $7.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$399M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $8.5B |
| Total Debt | $95M |
| Net Debt | -$1.2B |
