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quarter, third R&D expense the million. For was $XX.X non-GAAP
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equivalents the of quarter. end third were and million marketable cash approximately Cash, at the $XXX securities
balance repurchase strong growth to share Following repurchase to cash M&A are and we million we'll opportunistically million healthy our and evaluating making value, investments $XXX to year, the our the program in this deliver repurchase capital sheet accretive right shareholder utilize and including strategy, levers, completion pleased our shares. deploying a generation long-term new to committed earlier of remain previous announce executing authorization. share We our $XXX
guidance. to Turning
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fourth our Excluding points percentage for revenue impact, quarter structural the would estimate GSV rates X and approximately growth the year-over-year. higher we be
to up be expect between last non-GAAP We EPS XXXX full to $X.XX, guidance year and of $X from quarter $X.XX diluted our $X.XX.
between For XXX million. shares the outstanding weighted we full average million XXX year, expect to
for compensation year. the We to stock-based guidance are our update an also providing expense
million average would expense SBC that XXXX. a was per guidance in little prior quarter Our under $XX
due for our team cash-based our long-term compensation regarding tracking that that are projection with in We stock-based to approach operating QX structure guidance strategy and compensation. balances below
to We into expect down trend stock-based compensation continue to XXXX.
our with term. capital ongoing along near clear focus building efforts, cost shareholder reflect and value unrelenting return discipline These our long on over and and the active
as environment time have challenging. macro some now, Finally, the continues be to we for discussed
and low, across inflationary a jobs all X-year pressures and continue hover continue nearly tech affect to corporate to spending rate at segments. New interest business
that time We and to these some macro shift. will spending it improve behavior to expect for factors broader take
volatility and on a attractive focus our excellence is multiyear Our to testament deliver over proposition. highly ability a growth and suppressed operational period value to strong of demand our
macro our as we cautious we we quarters. expect XXXX, environment However, the we're are growth as over we immune to next line continue enter about operate top in. not pressures And to the few
return our environment, our shareholder through on we investment expand and on cash as capital flow. free platform growth this growth, new advancement focus to continue vectors value of our will our AI driving we like Within durable the in and our profitable margins commitment
and execution. their of by want team incredible pace quarter always, their at our close As creativity, I contributions unparalleled Upwork focus to and thanking this for
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