| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $251M | $236M | $189M | 6.3% | 32.7% |
| Op. Income | -$27M | $2M | -$3M | -1627.4% | -986.9% |
| Gross Margin | 89.7% | 89.9% | 88.5% | -0.3pp | 1.1pp |
| Net Margin | -4.8% | 6.1% | 4.0% | -10.9pp | -8.7pp |
| EPS (Diluted) | $-0.24 | $0.27 | $0.15 | -188.9% | -260.0% |
| Free Cash Flow | $82M | $51M | $65M | 62.2% | 27.0% |
| Item | Amount |
|---|---|
| REVENUE | $251M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $225M |
| R&D Expenses | $57M |
| Selling & Marketing | $140M |
| General & Administrative | $56M |
| SG&A Expenses | $196M |
| Other Expenses | $0 |
| Operating Expenses | $252M |
| Cost & Expenses | $278M |
| OPERATING INCOME | -$27M |
| Interest Income | $15M |
| Interest Expense | $0 |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$434.0K |
| 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 | $3M |
| EBIT | -$12M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $43M |
| OPERATING CASH FLOW | $87M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$393.0K |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $14M |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $51M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $125M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $35M |
| Short-Term Debt | $0 |
| Deferred Revenue | $330M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $546M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $68M |
| TOTAL LIABILITIES | $614M |
| Common Stock | $1.5B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$575M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $971M |
| Minority Interest | $0 |
| TOTAL EQUITY | $971M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $91M |
| Net Debt | -$1.2B |
