| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $164M | $149M | $115M | 9.9% | 42.4% |
| Op. Income | -$81M | -$100M | -$104M | 18.8% | 21.7% |
| Gross Margin | 73.3% | 70.6% | 64.4% | 2.8pp | 8.9pp |
| Net Margin | -42.8% | -59.9% | -85.7% | 17.1pp | 42.9pp |
| EPS (Diluted) | $-0.24 | $-0.31 | $-0.35 | 22.6% | 31.4% |
| Free Cash Flow | -$30M | -$15M | -$65M | -94.4% | 54.3% |
| Item | Amount |
|---|---|
| REVENUE | $164M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $120M |
| R&D Expenses | $52M |
| Selling & Marketing | $98M |
| General & Administrative | $51M |
| SG&A Expenses | $149M |
| Other Expenses | $605.0K |
| Operating Expenses | $202M |
| Cost & Expenses | $246M |
| OPERATING INCOME | -$81M |
| Interest Income | $12M |
| Interest Expense | $1.0K |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$70M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$70M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$70M |
| D&A | $10M |
| EBIT | -$69M |
| EBITDA | -$59M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$70M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$112M |
| Sales/Maturities of Investments | $132M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $671M |
| Net Receivables | $134M |
| Inventory | $46M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $67M |
| Goodwill | $540M |
| Intangible Assets | $127M |
| Long-Term Investments | $325M |
| Tax Assets | $60M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $328M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $499M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $95M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $116M |
| TOTAL LIABILITIES | $615M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $23M |
| Net Debt | -$104M |
