| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.1B | 11.3% | 5.3% |
| Op. Income | -$380M | -$404M | -$435M | 6.0% | 12.7% |
| Gross Margin | 53.2% | 53.5% | 58.6% | -0.2pp | -5.4pp |
| Net Margin | -31.0% | -35.3% | -31.9% | 4.4pp | 0.9pp |
| EPS (Diluted) | $-0.23 | $-0.24 | $-0.22 | 4.2% | -4.5% |
| Free Cash Flow | -$61M | -$119M | $18M | 49.0% | -434.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $556M |
| GROSS PROFIT | $633M |
| R&D Expenses | $495M |
| Selling & Marketing | $297M |
| General & Administrative | $221M |
| SG&A Expenses | $518M |
| Other Expenses | $0 |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$380M |
| Interest Income | $44M |
| Interest Expense | $6M |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$362M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$368M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$368M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$368M |
| D&A | $41M |
| EBIT | -$357M |
| EBITDA | -$316M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$368M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $358M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$537M |
| Sales/Maturities of Investments | $579M |
| Other Investing Activities | -$308.0K |
| NET CASH FROM INVESTING | -$32M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $2.4B |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $722M |
| Goodwill | $1.7B |
| Intangible Assets | $184M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $251M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $129M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $126M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $14.3B |
| Retained Earnings | -$11.3B |
| Treasury Stock | -$488M |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $4.2B |
| Net Debt | $3.0B |
