| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $234M | $169M | 3.2% | 42.8% |
| Op. Income | -$37M | -$18M | -$36M | -102.5% | -3.6% |
| Gross Margin | 55.7% | 56.6% | 48.0% | -0.8pp | 7.7pp |
| Net Margin | -14.8% | -8.1% | -19.5% | -6.7pp | 4.8pp |
| EPS (Diluted) | $-0.20 | $-0.11 | $-0.20 | -81.8% | 0.0% |
| Free Cash Flow | $32M | -$53M | -$55M | 161.7% | 159.5% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $135M |
| R&D Expenses | $57M |
| Selling & Marketing | $61M |
| General & Administrative | $50M |
| SG&A Expenses | $111M |
| Other Expenses | $3M |
| Operating Expenses | $172M |
| Cost & Expenses | $279M |
| OPERATING INCOME | -$37M |
| Interest Income | $2M |
| Interest Expense | $585.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $258.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $3M |
| EBIT | -$35M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$35M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $223M |
| Short-Term Investments | $0 |
| Net Receivables | $259M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $729M |
| PP&E (Net) | $25M |
| Goodwill | $55M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $833M |
| Account Payables | $18M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $204M |
| TOTAL CURRENT LIABILITIES | $300M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $812.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $307M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $983M |
| Retained Earnings | -$456M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $526M |
| Minority Interest | $0 |
| TOTAL EQUITY | $526M |
| TOTAL LIABILITIES & EQUITY | $833M |
| Total Debt | $13M |
| Net Debt | -$210M |
