| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $140M | $160M | 2.8% | -10.2% |
| Op. Income | -$40M | -$28M | -$56M | -43.2% | 28.3% |
| Gross Margin | 93.5% | 96.9% | 98.1% | -3.5pp | -4.6pp |
| Net Margin | -28.0% | -20.1% | -35.1% | -7.9pp | 7.1pp |
| EPS (Diluted) | $-0.48 | $-0.34 | $-0.69 | -41.2% | 30.4% |
| Free Cash Flow | -$111M | $215M | -$107M | -151.4% | -3.5% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $135M |
| R&D Expenses | $0 |
| Selling & Marketing | $33M |
| General & Administrative | $90M |
| SG&A Expenses | $123M |
| Other Expenses | $51M |
| Operating Expenses | $175M |
| Cost & Expenses | $184M |
| OPERATING INCOME | -$40M |
| Interest Income | $38M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $10.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $5M |
| EBIT | -$40M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$112M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$108M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $227M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $237M |
| FREE CASH FLOW | -$111M |
| Net Change in Cash | $105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $525M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $590M |
| PP&E (Net) | $125M |
| Goodwill | $67M |
| Intangible Assets | $12M |
| Long-Term Investments | $1.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $183M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $7M |
| Short-Term Debt | $351M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $399M |
| Long-Term Debt | $652M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $216M |
| TOTAL NON-CURRENT LIABILITIES | $962M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $881M |
| Retained Earnings | -$240M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $641M |
| Minority Interest | $0 |
| TOTAL EQUITY | $641M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $1.1B |
| Net Debt | $571M |
