| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $189M | $176M | $137M | 7.7% | 38.2% |
| Op. Income | -$3M | -$12M | -$28M | 79.3% | 91.1% |
| Gross Margin | 88.5% | 88.9% | 87.0% | -0.4pp | 1.6pp |
| Net Margin | 4.0% | -4.0% | -16.8% | 8.0pp | 20.8pp |
| EPS (Diluted) | $0.15 | $-0.15 | $-0.51 | 200.0% | 129.4% |
| Free Cash Flow | $65M | $46M | $14M | 41.3% | 364.9% |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $167M |
| R&D Expenses | $38M |
| Selling & Marketing | $108M |
| General & Administrative | $23M |
| SG&A Expenses | $132M |
| Other Expenses | $0 |
| Operating Expenses | $170M |
| Cost & Expenses | $192M |
| OPERATING INCOME | -$3M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $2M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$910.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | $3.0K |
| FREE CASH FLOW | $65M |
| Net Change in Cash | $65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $104M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $615.0K |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $258M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $389M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $438M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$597M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $762M |
| Minority Interest | $0 |
| TOTAL EQUITY | $762M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $64M |
| Net Debt | -$990M |
