| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $264M | $225M | $188M | 17.6% | 40.9% |
| Op. Income | -$258M | -$192M | -$182M | -34.6% | -42.0% |
| Gross Margin | 84.4% | 81.8% | 82.6% | 2.6pp | 1.9pp |
| Net Margin | -153.6% | -123.4% | -109.0% | -30.2pp | -44.6pp |
| EPS (Diluted) | $-3.32 | $-2.29 | $-1.72 | -45.0% | -93.0% |
| Free Cash Flow | -$132M | -$139M | -$160M | 5.1% | 17.7% |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $223M |
| R&D Expenses | $245M |
| Selling & Marketing | $0 |
| General & Administrative | $236M |
| SG&A Expenses | $236M |
| Other Expenses | $0 |
| Operating Expenses | $481M |
| Cost & Expenses | $522M |
| OPERATING INCOME | -$258M |
| Interest Income | $8M |
| Interest Expense | $41M |
| Other Income/Expenses | -$148M |
| INCOME BEFORE TAX | -$406M |
| Income Tax Expense | -$23.0K |
| Net Income from Continuing Ops | -$406M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$406M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$406M |
| D&A | $11M |
| EBIT | -$365M |
| EBITDA | -$354M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$406M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $128M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $137M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$115M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$157M |
| Sales/Maturities of Investments | $493M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $314M |
| Net Debt Issuance | $136M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $297M |
| FREE CASH FLOW | -$132M |
| Net Change in Cash | $498M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $1.2B |
| Net Receivables | $185M |
| Inventory | $115M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $734M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $111M |
| TOTAL NON-CURRENT ASSETS | $844M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $41M |
| Short-Term Debt | $0 |
| Deferred Revenue | $144M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $773M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $133M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$6.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$68M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$68M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.3B |
| Net Debt | $251M |
