| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $912M | $847M | $761M | 7.7% | 19.8% |
| Op. Income | -$350M | -$126M | -$147M | -177.7% | -138.0% |
| Gross Margin | 40.4% | 44.7% | 46.9% | -4.2pp | -6.4pp |
| Net Margin | -36.2% | -12.7% | -16.0% | -23.5pp | -20.1pp |
| EPS (Diluted) | $-2.33 | $-0.76 | $-0.88 | -206.6% | -164.8% |
| Free Cash Flow | $239M | $129M | -$30M | 85.4% | 904.5% |
| Item | Amount |
|---|---|
| REVENUE | $912M |
| Cost of Revenue | $543M |
| GROSS PROFIT | $369M |
| R&D Expenses | $282M |
| Selling & Marketing | $308M |
| General & Administrative | $129M |
| SG&A Expenses | $436M |
| Other Expenses | $0 |
| Operating Expenses | $719M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$350M |
| Interest Income | $0 |
| Interest Expense | $10.0K |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | -$327M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$330M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$330M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$330M |
| D&A | $86M |
| EBIT | -$307M |
| EBITDA | -$221M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$330M |
| Depreciation & Amortization | -$69M |
| Stock-Based Compensation | $91M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $385M |
| Change in Working Capital | $168M |
| OPERATING CASH FLOW | $246M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $239M |
| Net Change in Cash | $248M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.0B |
| Short-Term Investments | $0 |
| Net Receivables | $720M |
| Inventory | $105M |
| Other Current Assets | $142M |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $689M |
| Goodwill | $162M |
| Intangible Assets | $284M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $85M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $312M |
| Short-Term Debt | $0 |
| Deferred Revenue | $98M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $676M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$166.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $664M |
| Net Debt | -$1.3B |
