| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $115M | $123M | 6.0% | -0.8% |
| Op. Income | -$33M | -$43M | -$24M | 24.0% | -35.8% |
| Gross Margin | 85.8% | 84.9% | 86.1% | 0.9pp | -0.3pp |
| Net Margin | -18.8% | -33.5% | -23.3% | 14.7pp | 4.5pp |
| EPS (Diluted) | $-0.21 | $-0.35 | $-0.26 | 40.0% | 19.2% |
| Free Cash Flow | $6M | $4M | -$3M | 38.9% | 290.9% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $105M |
| R&D Expenses | $45M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $93M |
| Other Expenses | $0 |
| Operating Expenses | $138M |
| Cost & Expenses | $155M |
| OPERATING INCOME | -$33M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $5M |
| EBIT | -$21M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$342.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$280M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$263M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$36M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$532.0K |
| NET CASH FROM FINANCING | -$31M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$288M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $414M |
| Net Receivables | $111M |
| Inventory | $0 |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $686M |
| PP&E (Net) | $87M |
| Goodwill | $23M |
| Intangible Assets | $2M |
| Long-Term Investments | $206M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $335M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $1M |
| Short-Term Debt | $10M |
| Deferred Revenue | $145M |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $267M |
| Long-Term Debt | $250M |
| Deferred Revenue NC | $155.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $310M |
| TOTAL LIABILITIES | $576M |
| Common Stock | $109.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$643M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $445M |
| Minority Interest | $0 |
| TOTAL EQUITY | $445M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $311M |
| Net Debt | $200M |
