| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $94M | $90M | $72M | 4.4% | 31.3% |
| Op. Income | -$33M | -$38M | -$25M | 14.1% | -31.1% |
| Gross Margin | 80.9% | 79.6% | 83.2% | 1.2pp | -2.3pp |
| Net Margin | -34.8% | -42.7% | -36.7% | 7.8pp | 1.9pp |
| EPS (Diluted) | $-0.37 | $-0.44 | $-0.31 | 15.9% | -19.4% |
| Free Cash Flow | -$2M | $1M | $2M | -322.0% | -226.4% |
| Item | Amount |
|---|---|
| REVENUE | $94M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $76M |
| R&D Expenses | $35M |
| Selling & Marketing | $47M |
| General & Administrative | $27M |
| SG&A Expenses | $74M |
| Other Expenses | -$172.0K |
| Operating Expenses | $109M |
| Cost & Expenses | $127M |
| OPERATING INCOME | -$33M |
| Interest Income | $1M |
| Interest Expense | $1M |
| Other Income/Expenses | -$150.0K |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $112.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $10M |
| EBIT | -$32M |
| EBITDA | -$28M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$448.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $262M |
| Short-Term Investments | $197M |
| Net Receivables | $73M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $564M |
| PP&E (Net) | $33M |
| Goodwill | $119M |
| Intangible Assets | $40M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $220M |
| TOTAL ASSETS | $784M |
| Account Payables | $8M |
| Short-Term Debt | $6M |
| Deferred Revenue | $175M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $237M |
| Long-Term Debt | $282M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $305M |
| TOTAL LIABILITIES | $542M |
| Common Stock | $0 |
| Additional Paid-In Capital | $696M |
| Retained Earnings | -$453M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $2M |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $784M |
| Total Debt | $303M |
| Net Debt | $41M |
