| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $496M | $506M | $483M | -2.0% | 2.7% |
| Op. Income | -$53M | -$67M | -$51M | 20.9% | -3.9% |
| Gross Margin | 77.8% | 79.4% | 81.6% | -1.6pp | -3.8pp |
| Net Margin | -5.6% | -6.9% | -11.0% | 1.3pp | 5.3pp |
| EPS (Diluted) | $-0.12 | $-0.15 | $-0.21 | 20.0% | 42.9% |
| Free Cash Flow | $34M | $56M | $132M | -39.3% | -74.2% |
| Item | Amount |
|---|---|
| REVENUE | $496M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $386M |
| R&D Expenses | $142M |
| Selling & Marketing | $164M |
| General & Administrative | $131M |
| SG&A Expenses | $295M |
| Other Expenses | $2M |
| Operating Expenses | $439M |
| Cost & Expenses | $549M |
| OPERATING INCOME | -$53M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $55M |
| EBIT | -$19M |
| EBITDA | $36M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $55M |
| Stock-Based Compensation | $109M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $75M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $330M |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | $255M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $26M |
| NET CASH FROM FINANCING | -$49M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $281M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $1.4B |
| Net Receivables | $97M |
| Inventory | $99M |
| Other Current Assets | $248M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $427M |
| Goodwill | $2.4B |
| Intangible Assets | $162M |
| Long-Term Investments | $0 |
| Tax Assets | -$23M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $28M |
| Short-Term Debt | $698M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $941M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $1.9B |
| Net Debt | $56M |
