| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | $242M | $221M | 8.5% | 19.0% |
| Op. Income | -$67M | -$120M | -$116M | 44.3% | 42.4% |
| Gross Margin | 83.7% | 81.6% | 80.5% | 2.1pp | 3.2pp |
| Net Margin | -22.0% | -49.7% | -55.6% | 27.7pp | 33.6pp |
| EPS (Diluted) | $-0.10 | $-0.22 | $-0.23 | 54.5% | 56.5% |
| Free Cash Flow | -$33M | -$30M | -$31M | -7.5% | -5.6% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $220M |
| R&D Expenses | $67M |
| Selling & Marketing | $156M |
| General & Administrative | $63M |
| SG&A Expenses | $220M |
| Other Expenses | $888.0K |
| Operating Expenses | $287M |
| Cost & Expenses | $330M |
| OPERATING INCOME | -$67M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $9M |
| EBIT | -$67M |
| EBITDA | -$58M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$58M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | -$334.0K |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$65.0K |
| Purchases of Investments | -$159M |
| Sales/Maturities of Investments | $46M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$118M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$22M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $226M |
| Net Receivables | $395M |
| Inventory | $0 |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $79M |
| Goodwill | $84M |
| Intangible Assets | $24M |
| Long-Term Investments | $3M |
| Tax Assets | $8M |
| Other Non-Current Assets | $155M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $329M |
| TOTAL CURRENT LIABILITIES | $477M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $108M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $175M |
| TOTAL LIABILITIES | $652M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $61M |
| Net Debt | -$1.4B |
