Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Bad
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New words:
analyst, appraisal, armed, attention, attract, Bridge, Bulletin, case, conduct, confidence, consent, costly, CPQ, customary, damage, decide, declare, depart, desire, Distinguishing, distract, distracted, distribution, diversion, divert, East, exacerbated, exposed, extinguished, failure, Force, freely, harm, hired, hiring, imposed, impression, inContact, intensify, interpretive, investor, Israel, Laser, merged, Middle, negative, NICE, outlook, Parent, pendency, pending, prevent, prohibiting, proposed, receipt, restrain, restraint, running, successful, suffer, Task, taxable, thereof, thereon, unable, vote, waiting, war
Removed:
grew, improved, invasion, principle, tapering
Financial report summary
?Risks
- The announcement and pendency of the NICE Merger may have an adverse effect on our business and results of operations and our failure to complete the NICE Merger could have an adverse effect on our business, financial condition, results of operations, and stock price.
- While the NICE Merger is pending, we are subject to business uncertainties and contractual restrictions that could harm our business relationships, financial condition, results of operations, and business.
- Litigation may arise in connection with the NICE Merger, which could be costly, prevent consummation of the NICE Merger, divert management’s attention, and otherwise harm our business.
- In connection with the NICE Merger, our current and prospective employees could experience uncertainty about their future with us. As a result, key employees may depart because of issues relating to such uncertainty.
Management Discussion
- Revenue increased by $0.1 million, or 0.3%, to $35.4 million in the three months ended September 30, 2023 from $35.3 million in the three months ended September 30, 2022. The increase was attributable primarily to an increase in subscription revenue of $0.8 million driven by the acquisition of new customers and upsells to our existing customer base, which was partially offset by a decrease in professional services and other non-recurring revenue of $0.7 million.
- Cost of revenue decreased by $1.6 million, or 12.6%, to $11.3 million in the three months ended September 30, 2023 from $12.9 million in the three months ended September 30, 2022. The decrease was attributable primarily to a decrease in personnel costs of $1.8 million resulting from decreased employee headcount, which was partially offset by an increase in stock-based compensation expenses of $0.1 million associated with the 2023 annual refresh grants under the 2021 Plan.
- Gross profit increased by $1.7 million, or 7.7%, to $24.1 million in the three months ended September 30, 2023 from $22.4 million in the three months ended September 30, 2022. The increase in gross profit was a result of increased revenue of $0.1 million and decreased personnel costs of $1.8 million, which were partially offset by increased stock-based compensation expenses of $0.1 million, described above.