| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $983M | -0.4% | 5.2% |
| Op. Income | -$102M | -$112M | -$270M | 8.8% | 62.1% |
| Gross Margin | 48.0% | 47.0% | 46.5% | 1.0pp | 1.5pp |
| Net Margin | -13.7% | -16.0% | -49.1% | 2.3pp | 35.4pp |
| EPS (Diluted) | $-0.78 | $-0.91 | $-2.63 | 14.3% | 70.3% |
| Free Cash Flow | $195M | $72M | -$147M | 171.4% | 232.6% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $538M |
| GROSS PROFIT | $496M |
| R&D Expenses | $241M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $357M |
| Other Expenses | $0 |
| Operating Expenses | $599M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$102M |
| Interest Income | $19M |
| Interest Expense | $0 |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | -$140M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$142M |
| D&A | $73M |
| EBIT | -$140M |
| EBITDA | -$67M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$142M |
| Depreciation & Amortization | $73M |
| Stock-Based Compensation | $185M |
| Deferred Income Tax | $63M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $875.0K |
| OPERATING CASH FLOW | $206M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | -$880M |
| Sales/Maturities of Investments | $715M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$144M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$64M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$27.0K |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $195M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $678M |
| Short-Term Investments | $3.2B |
| Net Receivables | $557M |
| Inventory | $0 |
| Other Current Assets | $327M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $301M |
| Goodwill | $5.2B |
| Intangible Assets | $679M |
| Long-Term Investments | $623M |
| Tax Assets | $0 |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $11.9B |
| Account Payables | $104M |
| Short-Term Debt | $0 |
| Deferred Revenue | $146M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $726M |
| Long-Term Debt | $989M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $182.0K |
| Additional Paid-In Capital | $14.6B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.0B |
| TOTAL LIABILITIES & EQUITY | $11.9B |
| Total Debt | $1.2B |
| Net Debt | $516M |
