| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $355M | $361M | $231M | -1.7% | 53.8% |
| Op. Income | -$227M | -$196M | -$209M | -15.5% | -8.2% |
| Gross Margin | 56.7% | 62.1% | 45.3% | -5.4pp | 11.4pp |
| Net Margin | -15.4% | -44.2% | -124.4% | 28.8pp | 109.0pp |
| EPS (Diluted) | $-0.19 | $-0.57 | $-1.06 | 66.7% | 82.1% |
| Free Cash Flow | -$49M | -$462M | -$129M | 89.4% | 61.8% |
| Item | Amount |
|---|---|
| REVENUE | $355M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $201M |
| R&D Expenses | $0 |
| Selling & Marketing | $156M |
| General & Administrative | $142M |
| SG&A Expenses | $299M |
| Other Expenses | $129M |
| Operating Expenses | $428M |
| Cost & Expenses | $581M |
| OPERATING INCOME | -$227M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | $172M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $259.0K |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55M |
| D&A | $13M |
| EBIT | -$39M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $98M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$258M |
| Sales/Maturities of Investments | $133M |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$166M |
| Net Debt Issuance | $102M |
| Common Stock Repurchased | -$80.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46M |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$139M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $617M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $2.8B |
| TOTAL CURRENT ASSETS | $5.8B |
| PP&E (Net) | $194M |
| Goodwill | $547M |
| Intangible Assets | $61M |
| Long-Term Investments | $33M |
| Tax Assets | $0 |
| Other Non-Current Assets | $359M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $7.0B |
| Account Payables | $49M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $96M |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $201M |
| TOTAL NON-CURRENT LIABILITIES | $4.4B |
| TOTAL LIABILITIES | $4.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $7.0B |
| Total Debt | $4.2B |
| Net Debt | $1.9B |
