| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $757M | $677M | $464M | 11.8% | 63.0% |
| Op. Income | -$267M | -$49M | -$74M | -441.1% | -258.5% |
| Gross Margin | 68.1% | 71.7% | 87.8% | -3.6pp | -19.7pp |
| Net Margin | -35.3% | -7.0% | -16.0% | -28.2pp | -19.3pp |
| EPS (Diluted) | $-0.29 | $-0.06 | $-0.09 | -383.3% | -222.2% |
| Free Cash Flow | -$2.7B | -$2.1B | -$2.9B | -28.9% | 6.5% |
| Item | Amount |
|---|---|
| REVENUE | $757M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $515M |
| R&D Expenses | $0 |
| Selling & Marketing | $187M |
| General & Administrative | $124M |
| SG&A Expenses | $311M |
| Other Expenses | $471M |
| Operating Expenses | $782M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$267M |
| Interest Income | $564M |
| Interest Expense | $219M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$267M |
| Income Tax Expense | -$244.0K |
| Net Income from Continuing Ops | -$267M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$267M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$277M |
| D&A | $53M |
| EBIT | -$267M |
| EBITDA | -$214M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$267M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$887.0K |
| Other Non-Cash Items | $275M |
| Change in Working Capital | -$2.8B |
| OPERATING CASH FLOW | -$2.7B |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $108M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$169M |
| Net Debt Issuance | -$250M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.9B |
| NET CASH FROM FINANCING | $2.7B |
| FREE CASH FLOW | -$2.7B |
| Net Change in Cash | -$204M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $377M |
| Net Receivables | $63M |
| Inventory | $0 |
| Other Current Assets | -$63M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $295M |
| Goodwill | $1.4B |
| Intangible Assets | $530M |
| Long-Term Investments | $21.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $24.8B |
| TOTAL ASSETS | $28.0B |
| Account Payables | $566M |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15.7B |
| TOTAL CURRENT LIABILITIES | $16.7B |
| Long-Term Debt | $5.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5.9B |
| TOTAL LIABILITIES | $22.6B |
| Common Stock | $95.0K |
| Additional Paid-In Capital | $6.9B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $600.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.4B |
| TOTAL LIABILITIES & EQUITY | $28.0B |
| Total Debt | $6.4B |
| Net Debt | $3.6B |
