| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $103M | $56M | 12.5% | 105.9% |
| Op. Income | -$104M | -$108M | -$67M | 3.8% | -54.4% |
| Gross Margin | 64.4% | 64.6% | 63.7% | -0.2pp | 0.8pp |
| Net Margin | -85.7% | -94.0% | -122.5% | 8.2pp | 36.7pp |
| EPS (Diluted) | $-0.35 | $-0.35 | $-0.26 | 0.0% | -34.6% |
| Free Cash Flow | -$65M | -$67M | -$21M | 3.2% | -205.6% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $74M |
| R&D Expenses | $52M |
| Selling & Marketing | $84M |
| General & Administrative | $42M |
| SG&A Expenses | $126M |
| Other Expenses | -$781.0K |
| Operating Expenses | $178M |
| Cost & Expenses | $219M |
| OPERATING INCOME | -$104M |
| Interest Income | $7M |
| Interest Expense | $613.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$98M |
| Income Tax Expense | $599.0K |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $9M |
| EBIT | -$98M |
| EBITDA | -$88M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$60M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$485M |
| Sales/Maturities of Investments | $487M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | -$60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $491M |
| Net Receivables | $119M |
| Inventory | $34M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $953M |
| PP&E (Net) | $61M |
| Goodwill | $540M |
| Intangible Assets | $152M |
| Long-Term Investments | $457M |
| Tax Assets | $0 |
| Other Non-Current Assets | $52M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $256M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $405M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $99M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $128M |
| TOTAL LIABILITIES | $532M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$907M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $28M |
| Net Debt | -$183M |
