| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $361M | $269M | $204M | 34.0% | 76.9% |
| Op. Income | -$196M | -$166M | -$27M | -18.1% | -632.9% |
| Gross Margin | 62.1% | 61.7% | 71.4% | 0.4pp | -9.3pp |
| Net Margin | -44.2% | -113.8% | -13.0% | 69.6pp | -31.2pp |
| EPS (Diluted) | $-0.57 | $-1.13 | $-0.13 | 49.6% | -338.5% |
| Free Cash Flow | -$462M | $349M | -$51M | -232.5% | -814.1% |
| Item | Amount |
|---|---|
| REVENUE | $361M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $224M |
| R&D Expenses | $0 |
| Selling & Marketing | $143M |
| General & Administrative | $141M |
| SG&A Expenses | $285M |
| Other Expenses | $136M |
| Operating Expenses | $420M |
| Cost & Expenses | $557M |
| OPERATING INCOME | -$196M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | $37M |
| INCOME BEFORE TAX | -$159M |
| Income Tax Expense | $276.0K |
| Net Income from Continuing Ops | -$160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$160M |
| D&A | $12M |
| EBIT | -$142M |
| EBITDA | -$130M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$160M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$376M |
| OPERATING CASH FLOW | -$440M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | -$158M |
| NET CASH FROM INVESTING | -$190M |
| Net Debt Issuance | $1.8B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$52M |
| NET CASH FROM FINANCING | $1.8B |
| FREE CASH FLOW | -$462M |
| Net Change in Cash | $1.1B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $475M |
| Net Receivables | $135M |
| Inventory | $0 |
| Other Current Assets | $2.6B |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $169M |
| Goodwill | $541M |
| Intangible Assets | $66M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $347M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $46M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $103M |
| Long-Term Debt | $4.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $4.1B |
| Net Debt | $1.5B |
