| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $196M | $178M | 0.7% | 10.8% |
| Op. Income | $32M | $37M | $24M | -13.4% | 32.0% |
| Gross Margin | 68.1% | 69.1% | 43.4% | -1.0pp | 24.7pp |
| Net Margin | -7.9% | -5.5% | -5.9% | -2.3pp | -2.0pp |
| EPS (Diluted) | $-0.09 | $-0.06 | $-0.06 | -43.1% | -47.9% |
| Free Cash Flow | -$17M | $29M | $29M | -157.8% | -156.8% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $134M |
| R&D Expenses | $9M |
| Selling & Marketing | $32M |
| General & Administrative | $17M |
| SG&A Expenses | $49M |
| Other Expenses | $44M |
| Operating Expenses | $102M |
| Cost & Expenses | $165M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $44M |
| EBIT | $32M |
| EBITDA | $76M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$21M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$30M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$1.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$692.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $118M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $220M |
| PP&E (Net) | $71M |
| Goodwill | $3.0B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $4.4B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $33M |
| Short-Term Debt | $23M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $185M |
| Other Non-Current Liabilities | $278.0K |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$180M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
