| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $198M | $173M | $250M | 14.1% | -20.7% |
| Op. Income | -$648.0K | -$18M | -$2M | 96.4% | 69.9% |
| Gross Margin | 34.8% | 31.3% | 27.5% | 3.5pp | 7.4pp |
| Net Margin | -42.9% | -5.0% | 1.1% | -37.9pp | -44.0pp |
| EPS (Diluted) | $-2.87 | $-0.29 | $0.10 | -889.7% | -3074.1% |
| Free Cash Flow | $24M | -$35M | -$17M | 168.1% | 238.7% |
| Item | Amount |
|---|---|
| REVENUE | $198M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $69M |
| R&D Expenses | $21M |
| Selling & Marketing | $31M |
| General & Administrative | $16M |
| SG&A Expenses | $47M |
| Other Expenses | $2M |
| Operating Expenses | $70M |
| Cost & Expenses | $198M |
| OPERATING INCOME | -$648.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $86M |
| Net Income from Continuing Ops | -$85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$85M |
| D&A | $2M |
| EBIT | $423.0K |
| EBITDA | $2M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$85M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $90M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$391.0K |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $391.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$637.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $667.0K |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $97M |
| Net Receivables | $201M |
| Inventory | $281M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $741M |
| PP&E (Net) | $48M |
| Goodwill | $36M |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $3M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $842M |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | -$5M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $963M |
| Retained Earnings | -$431M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $533M |
| Minority Interest | $0 |
| TOTAL EQUITY | $533M |
| TOTAL LIABILITIES & EQUITY | $842M |
| Total Debt | $44M |
| Net Debt | -$88M |
