| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $335M | $264M | $259M | 26.8% | 29.6% |
| Op. Income | -$189M | -$258M | -$195M | 26.9% | 3.1% |
| Gross Margin | 84.7% | 84.4% | 85.4% | 0.3pp | -0.7pp |
| Net Margin | -61.9% | -153.6% | -100.0% | 91.6pp | 38.0pp |
| EPS (Diluted) | $-1.68 | $-3.32 | $-2.16 | 49.4% | 22.2% |
| Free Cash Flow | -$154M | -$132M | -$172M | -16.6% | 10.7% |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $51M |
| GROSS PROFIT | $284M |
| R&D Expenses | $262M |
| Selling & Marketing | $0 |
| General & Administrative | $210M |
| SG&A Expenses | $210M |
| Other Expenses | $0 |
| Operating Expenses | $472M |
| Cost & Expenses | $524M |
| OPERATING INCOME | -$189M |
| Interest Income | $14M |
| Interest Expense | $30M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$207M |
| Income Tax Expense | $472.0K |
| Net Income from Continuing Ops | -$207M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$207M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$207M |
| D&A | $14M |
| EBIT | -$177M |
| EBITDA | -$163M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$207M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$132M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$723M |
| Sales/Maturities of Investments | $605M |
| Other Investing Activities | $381.0K |
| NET CASH FROM INVESTING | -$140M |
| Net Debt Issuance | -$777.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $63M |
| FREE CASH FLOW | -$154M |
| Net Change in Cash | -$207M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $866M |
| Short-Term Investments | $1.3B |
| Net Receivables | $238M |
| Inventory | $129M |
| Other Current Assets | $133M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $739M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $854M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $98M |
| Short-Term Debt | $0 |
| Deferred Revenue | $42M |
| Other Current Liabilities | $171M |
| TOTAL CURRENT LIABILITIES | $768M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $194M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$6.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$158M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$158M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.3B |
| Net Debt | $454M |
