| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $169M | $150M | 4.9% | 18.2% |
| Op. Income | $37M | $44M | $60M | -14.3% | -37.8% |
| Gross Margin | 58.0% | 64.2% | 85.2% | -6.2pp | -27.2pp |
| Net Margin | 16.1% | 18.9% | 28.9% | -2.8pp | -12.8pp |
| EPS (Diluted) | $0.38 | $0.43 | $0.58 | -11.6% | -34.5% |
| Free Cash Flow | $39M | $25M | $54M | 55.1% | -28.8% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $37M |
| SG&A Expenses | $38M |
| Other Expenses | $27M |
| Operating Expenses | $66M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $37M |
| Interest Income | $158M |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $6M |
| EBIT | $37M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $37M |
| SG&A Expenses | $38M |
| Other Expenses | $27M |
| Operating Expenses | $66M |
| Cost & Expenses | $140M |
| OPERATING INCOME | $37M |
| Interest Income | $158M |
| Interest Expense | $62M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $6M |
| EBIT | $37M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | -$147M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $173M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$123M |
| NET CASH FROM FINANCING | $32M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $1.7B |
| Net Receivables | $56M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $71M |
| Goodwill | $0 |
| Intangible Assets | $459M |
| Long-Term Investments | $10.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $724M |
| TOTAL NON-CURRENT ASSETS | $12.2B |
| TOTAL ASSETS | $14.1B |
| Account Payables | $0 |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10.2B |
| TOTAL CURRENT LIABILITIES | $10.3B |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $248M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $12.5B |
| Common Stock | $832.0K |
| Additional Paid-In Capital | $988M |
| Retained Earnings | $965M |
| Treasury Stock | -$128M |
| Accum. Other Comp. Income | -$195M |
| Other Equity | -$8M |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $14.1B |
| Total Debt | $2.0B |
| Net Debt | $1.8B |
