| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $438M | $462M | $417M | -5.2% | 5.0% |
| Op. Income | $27M | $33M | $25M | -18.2% | 8.0% |
| Gross Margin | 59.1% | 59.7% | 62.1% | -0.6pp | -3.0pp |
| Net Margin | 2.7% | 3.7% | 1.9% | -0.9pp | 0.8pp |
| EPS (Diluted) | $0.12 | $0.17 | $0.08 | -29.4% | 50.0% |
| Free Cash Flow | $36M | $46M | $31M | -21.7% | 16.1% |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $259M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $0 |
| Operating Expenses | $232M |
| Cost & Expenses | $411M |
| OPERATING INCOME | $27M |
| Interest Income | $7M |
| Interest Expense | $8M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $27M |
| EBIT | $21M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $438M |
| Cost of Revenue | $179M |
| GROSS PROFIT | $259M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $156M |
| Other Expenses | $0 |
| Operating Expenses | $232M |
| Cost & Expenses | $411M |
| OPERATING INCOME | $27M |
| Interest Income | $7M |
| Interest Expense | $8M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $27M |
| EBIT | $21M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | -$147M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | -$161M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$157M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $348M |
| Short-Term Investments | $0 |
| Net Receivables | $286M |
| Inventory | $8M |
| Other Current Assets | $96M |
| TOTAL CURRENT ASSETS | $738M |
| PP&E (Net) | $259M |
| Goodwill | $396M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $200M |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $106M |
| Short-Term Debt | $12M |
| Deferred Revenue | $477M |
| Other Current Liabilities | $95M |
| TOTAL CURRENT LIABILITIES | $885M |
| Long-Term Debt | $486M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $148M |
| TOTAL NON-CURRENT LIABILITIES | $733M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$126M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $122M |
| Minority Interest | $0 |
| TOTAL EQUITY | $122M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $650M |
| Net Debt | $302M |
