| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $481M | $452M | $351M | 6.4% | 37.2% |
| Op. Income | -$207M | -$208M | -$199M | 0.5% | -4.3% |
| Gross Margin | 71.4% | 69.5% | 68.7% | 1.9pp | 2.7pp |
| Net Margin | -43.4% | -46.5% | -63.1% | 3.0pp | 19.7pp |
| EPS (Diluted) | $-1.32 | $-1.34 | $-1.44 | 1.5% | 8.3% |
| Free Cash Flow | $6M | -$25M | $33M | 124.0% | -82.0% |
| Item | Amount |
|---|---|
| REVENUE | $481M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $343M |
| R&D Expenses | $148M |
| Selling & Marketing | $304M |
| General & Administrative | $98M |
| SG&A Expenses | $402M |
| Other Expenses | $0 |
| Operating Expenses | $550M |
| Cost & Expenses | $688M |
| OPERATING INCOME | -$207M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$205M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$209M |
| Net Income Deductions | $103.0K |
| BOTTOM LINE NET INCOME | -$209M |
| D&A | $28M |
| EBIT | -$202M |
| EBITDA | -$174M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$209M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $172M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$301M |
| Sales/Maturities of Investments | $327M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $250M |
| Short-Term Investments | $2.2B |
| Net Receivables | $381M |
| Inventory | $0 |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $186M |
| Goodwill | $5.4B |
| Intangible Assets | $262M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $239M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $49M |
| Short-Term Debt | $5M |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $7.8B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $2.3B |
| Net Debt | $2.1B |
