| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $544M | $533M | $323M | 2.0% | 68.5% |
| Op. Income | -$127M | -$191M | -$240M | 33.5% | 46.8% |
| Gross Margin | 72.2% | 70.2% | 65.3% | 2.0pp | 6.8pp |
| Net Margin | -22.8% | -36.0% | -77.4% | 13.2pp | 54.6pp |
| EPS (Diluted) | $-0.32 | $-0.51 | $-0.84 | 37.3% | 61.9% |
| Free Cash Flow | $104M | $34M | -$81M | 210.1% | 228.7% |
| Item | Amount |
|---|---|
| REVENUE | $544M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $393M |
| R&D Expenses | $240M |
| Selling & Marketing | $194M |
| General & Administrative | $86M |
| SG&A Expenses | $280M |
| Other Expenses | $0 |
| Operating Expenses | $520M |
| Cost & Expenses | $672M |
| OPERATING INCOME | -$127M |
| Interest Income | $16M |
| Interest Expense | $6M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$118M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$125M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$124M |
| D&A | $111M |
| EBIT | -$111M |
| EBITDA | -$362.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$125M |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $147M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | $120M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$227M |
| NET CASH FROM FINANCING | -$227M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | -$134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $0 |
| Net Receivables | $605M |
| Inventory | $0 |
| Other Current Assets | $121M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $141M |
| Goodwill | $3.2B |
| Intangible Assets | $1.6B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $224M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $7.4B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $215M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $950M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $65M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $234M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$2.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $223M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.4B |
| Total Debt | $2.7B |
| Net Debt | $1.2B |
