| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $202M | $195M | $175M | 3.3% | 15.3% |
| Op. Income | -$8M | -$11M | -$13M | 26.4% | 38.9% |
| Gross Margin | 77.3% | 77.7% | 77.9% | -0.4pp | -0.6pp |
| Net Margin | -7.7% | -8.2% | -10.7% | 0.5pp | 3.0pp |
| EPS (Diluted) | $-0.13 | $-0.14 | $-0.17 | 7.1% | 23.5% |
| Free Cash Flow | $40M | $28M | $32M | 45.6% | 28.0% |
| Item | Amount |
|---|---|
| REVENUE | $202M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $156M |
| R&D Expenses | $37M |
| Selling & Marketing | $95M |
| General & Administrative | $32M |
| SG&A Expenses | $127M |
| Other Expenses | $0 |
| Operating Expenses | $164M |
| Cost & Expenses | $209M |
| OPERATING INCOME | -$8M |
| Interest Income | $8M |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $693.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $6M |
| EBIT | -$7M |
| EBITDA | -$477.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $42M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$70M |
| Sales/Maturities of Investments | $94M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $22M |
| Net Debt Issuance | -$938.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $445M |
| Short-Term Investments | $248M |
| Net Receivables | $179M |
| Inventory | $0 |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $971M |
| PP&E (Net) | $80M |
| Goodwill | $317M |
| Intangible Assets | $66M |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $553M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $518M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $601M |
| Long-Term Debt | $360M |
| Deferred Revenue NC | $163M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $580M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$803M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$540.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $344M |
| Minority Interest | $0 |
| TOTAL EQUITY | $344M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $415M |
| Net Debt | -$30M |
