| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $105M | $74M | 9.5% | 54.7% |
| Op. Income | -$60M | -$66M | -$89M | 9.6% | 33.1% |
| Gross Margin | 20.5% | 13.1% | 11.6% | 7.4pp | 8.9pp |
| Net Margin | -53.7% | -64.2% | -123.5% | 10.5pp | 69.8pp |
| EPS (Diluted) | $-0.88 | $-0.97 | $-1.37 | 9.3% | 35.8% |
| Free Cash Flow | -$9M | -$52M | -$58M | 83.7% | 85.2% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $37M |
| SG&A Expenses | $61M |
| Other Expenses | $22M |
| Operating Expenses | $83M |
| Cost & Expenses | $174M |
| OPERATING INCOME | -$60M |
| Interest Income | $800.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $5M |
| EBIT | -$60M |
| EBITDA | -$55M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $136M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $44M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $200.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $232M |
| Short-Term Investments | $326M |
| Net Receivables | $368M |
| Inventory | $0 |
| Other Current Assets | -$1.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $17M |
| Goodwill | $19M |
| Intangible Assets | $25M |
| Long-Term Investments | $707M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$768M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.6B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$91M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$77M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $921M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $727M |
| Minority Interest | $0 |
| TOTAL EQUITY | $727M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $37M |
| Net Debt | -$194M |
