| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $533M | $494M | $459M | 7.9% | 16.1% |
| Op. Income | $64M | $44M | $70M | 45.5% | -8.6% |
| Gross Margin | 91.9% | 91.7% | 93.0% | 0.2pp | -1.1pp |
| Net Margin | 5.1% | 4.9% | 5.4% | 0.2pp | -0.4pp |
| EPS (Diluted) | $0.19 | $0.17 | $0.17 | 11.8% | 11.8% |
| Free Cash Flow | -$2M | $90M | $46M | -102.2% | -104.3% |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $490M |
| R&D Expenses | $66M |
| Selling & Marketing | $272M |
| General & Administrative | $49M |
| SG&A Expenses | $321M |
| Other Expenses | $39M |
| Operating Expenses | $426M |
| Cost & Expenses | $469M |
| OPERATING INCOME | $64M |
| Interest Income | $13M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $21M |
| EBIT | $82M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $490M |
| R&D Expenses | $66M |
| Selling & Marketing | $272M |
| General & Administrative | $49M |
| SG&A Expenses | $321M |
| Other Expenses | $39M |
| Operating Expenses | $426M |
| Cost & Expenses | $469M |
| OPERATING INCOME | $64M |
| Interest Income | $13M |
| Interest Expense | $11M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $64M |
| Income Tax Expense | $37M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $21M |
| EBIT | $82M |
| EBITDA | $103M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $234M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $211M |
| Goodwill | $817M |
| Intangible Assets | $45M |
| Long-Term Investments | $32M |
| Tax Assets | $86M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $70M |
| Short-Term Debt | $0 |
| Deferred Revenue | $64M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $719M |
| Long-Term Debt | $839M |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $168M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | $239M |
| Treasury Stock | -$797M |
| Accum. Other Comp. Income | -$89M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $823M |
| Minority Interest | $0 |
| TOTAL EQUITY | $823M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $917M |
| Net Debt | -$207M |
