| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $155M | $145M | 0.3% | 7.1% |
| Op. Income | -$23M | -$24M | -$27M | 2.1% | 14.5% |
| Gross Margin | 47.8% | 47.8% | 46.2% | 0.1pp | 1.7pp |
| Net Margin | -14.9% | -15.3% | -19.2% | 0.3pp | 4.2pp |
| EPS (Diluted) | $-0.40 | $-0.41 | $-0.48 | 2.4% | 16.7% |
| Free Cash Flow | $9M | $4M | -$4M | 149.0% | 365.3% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $74M |
| R&D Expenses | $35M |
| Selling & Marketing | $26M |
| General & Administrative | $28M |
| SG&A Expenses | $54M |
| Other Expenses | $9M |
| Operating Expenses | $97M |
| Cost & Expenses | $178M |
| OPERATING INCOME | -$23M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $18M |
| EBIT | -$21M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $436.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $389.0K |
| NET CASH FROM FINANCING | $389.0K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $156M |
| Short-Term Investments | $135M |
| Net Receivables | $55M |
| Inventory | $0 |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $79M |
| Goodwill | $513M |
| Intangible Assets | $128M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $783M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $116M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $490M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $562M |
| TOTAL LIABILITIES | $738M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$608M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $441M |
| Minority Interest | $0 |
| TOTAL EQUITY | $441M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $546M |
| Net Debt | $390M |
