| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $118M | $94M | -3.0% | 21.2% |
| Op. Income | $23M | $29M | $29M | -20.4% | -21.9% |
| Gross Margin | 56.1% | 59.7% | 76.1% | -3.6pp | -20.0pp |
| Net Margin | 10.0% | 18.3% | 25.0% | -8.3pp | -15.0pp |
| EPS (Diluted) | $0.41 | $0.86 | $1.04 | -52.3% | -60.6% |
| Free Cash Flow | $4M | $43M | $50M | -90.4% | -91.9% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $950.0K |
| General & Administrative | $23M |
| SG&A Expenses | $24M |
| Other Expenses | $17M |
| Operating Expenses | $41M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $23M |
| Interest Income | $104M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $23M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $950.0K |
| General & Administrative | $23M |
| SG&A Expenses | $24M |
| Other Expenses | $17M |
| Operating Expenses | $41M |
| Cost & Expenses | $91M |
| OPERATING INCOME | $23M |
| Interest Income | $104M |
| Interest Expense | $45M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $3M |
| EBIT | $23M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $604.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $173M |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | -$41M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $835M |
| Net Receivables | $500M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $83M |
| Goodwill | $162M |
| Intangible Assets | $38M |
| Long-Term Investments | $5.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $433M |
| TOTAL NON-CURRENT ASSETS | $6.5B |
| TOTAL ASSETS | $8.0B |
| Account Payables | $107M |
| Short-Term Debt | $341M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6.4B |
| TOTAL CURRENT LIABILITIES | $6.9B |
| Long-Term Debt | $308M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $359M |
| TOTAL LIABILITIES | $7.2B |
| Common Stock | $216.0K |
| Additional Paid-In Capital | $438M |
| Retained Earnings | $317M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$101M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $764M |
| Minority Interest | $0 |
| TOTAL EQUITY | $764M |
| TOTAL LIABILITIES & EQUITY | $8.0B |
| Total Debt | $649M |
| Net Debt | $518M |
