| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.0B | $1.1B | 13.4% | 9.8% |
| Op. Income | -$40M | -$159M | -$290M | 74.7% | 86.2% |
| Gross Margin | 44.3% | 40.6% | 45.8% | 3.7pp | -1.5pp |
| Net Margin | -1.0% | -11.2% | -40.1% | 10.1pp | 39.0pp |
| EPS (Diluted) | $-0.03 | $-0.30 | $-1.18 | 89.6% | 97.4% |
| Free Cash Flow | -$30M | -$112M | -$55M | 73.2% | 45.7% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $645M |
| GROSS PROFIT | $513M |
| R&D Expenses | $109M |
| Selling & Marketing | $130M |
| General & Administrative | $195M |
| SG&A Expenses | $325M |
| Other Expenses | $119M |
| Operating Expenses | $553M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$40M |
| Interest Income | $37M |
| Interest Expense | $6M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $111.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $30M |
| EBIT | -$6M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$106M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | $30M |
| Purchases of Investments | -$1.2B |
| Sales/Maturities of Investments | $1.0B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$381.0K |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $591M |
| Short-Term Investments | $1.1B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $834M |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $577M |
| Goodwill | $256M |
| Intangible Assets | $62M |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $57M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $2.9B |
| Long-Term Debt | $834M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $10.7B |
| Retained Earnings | -$10.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $468M |
| Minority Interest | $0 |
| TOTAL EQUITY | $468M |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $1.0B |
| Net Debt | $454M |
