| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $48M | $32M | 2.6% | 56.8% |
| Op. Income | -$43M | -$43M | -$28M | 0.0% | -50.6% |
| Gross Margin | 50.2% | 48.4% | 34.4% | 1.8pp | 15.9pp |
| Net Margin | -81.0% | -81.6% | -131.0% | 0.6pp | 50.1pp |
| EPS (Diluted) | $-0.15 | $-0.15 | $-0.88 | 0.0% | 83.0% |
| Free Cash Flow | -$33M | -$27M | -$16M | -25.4% | -114.4% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $25M |
| R&D Expenses | $28M |
| Selling & Marketing | $19M |
| General & Administrative | $21M |
| SG&A Expenses | $40M |
| Other Expenses | $1.0K |
| Operating Expenses | $68M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$43M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $439.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $11M |
| EBIT | -$43M |
| EBITDA | -$32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $97.0K |
| Other Non-Cash Items | -$8.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$119.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | -$63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $199M |
| Short-Term Investments | $226M |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $481M |
| PP&E (Net) | $131M |
| Goodwill | $103M |
| Intangible Assets | $24M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $267M |
| TOTAL ASSETS | $747M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $48M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | -$10M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $27.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$901M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $943.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $594M |
| Minority Interest | $0 |
| TOTAL EQUITY | $594M |
| TOTAL LIABILITIES & EQUITY | $747M |
| Total Debt | $18M |
| Net Debt | -$182M |
