| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $373M | $304M | $372M | 22.7% | 0.4% |
| Op. Income | -$21M | -$57M | $7M | 62.8% | -405.5% |
| Gross Margin | 46.0% | 43.3% | 47.3% | 2.7pp | -1.3pp |
| Net Margin | -6.3% | -10.1% | -0.2% | 3.8pp | -6.2pp |
| EPS (Diluted) | $-0.18 | $-0.24 | $-0.00 | 25.0% | -3729.8% |
| Free Cash Flow | -$8M | -$122M | -$16M | 93.6% | 51.3% |
| Item | Amount |
|---|---|
| REVENUE | $373M |
| Cost of Revenue | $202M |
| GROSS PROFIT | $172M |
| R&D Expenses | $78M |
| Selling & Marketing | $62M |
| General & Administrative | $46M |
| SG&A Expenses | $109M |
| Other Expenses | $7M |
| Operating Expenses | $193M |
| Cost & Expenses | $395M |
| OPERATING INCOME | -$21M |
| Interest Income | $2M |
| Interest Expense | $274.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $12M |
| EBIT | -$17M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $211.0K |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $268M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $298M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $708M |
| PP&E (Net) | $145M |
| Goodwill | $82M |
| Intangible Assets | $94M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $357M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $149M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $79M |
| TOTAL CURRENT LIABILITIES | $345M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $62M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $131M |
| TOTAL LIABILITIES | $475M |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $609M |
| Retained Earnings | $18M |
| Treasury Stock | -$32M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $590M |
| Minority Interest | $0 |
| TOTAL EQUITY | $590M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $58M |
| Net Debt | -$210M |
