| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $210M | $206M | -17.1% | -15.5% |
| Op. Income | -$58M | -$313M | -$645M | 81.5% | 91.0% |
| Gross Margin | 65.5% | 72.4% | 69.4% | -6.9pp | -3.9pp |
| Net Margin | -35.6% | -150.0% | -308.7% | 114.4pp | 273.1pp |
| EPS (Diluted) | $-0.11 | $-0.56 | $-1.14 | 80.4% | 90.4% |
| Free Cash Flow | -$41M | $36M | -$40M | -213.9% | -2.5% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $114M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $73M |
| SG&A Expenses | $73M |
| Other Expenses | $42M |
| Operating Expenses | $172M |
| Cost & Expenses | $232M |
| OPERATING INCOME | -$58M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $49M |
| EBIT | -$62M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$33M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$209M |
| Sales/Maturities of Investments | $369M |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | $176M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | $150M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $364M |
| Net Receivables | $189M |
| Inventory | $0 |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $953M |
| PP&E (Net) | $105M |
| Goodwill | $850M |
| Intangible Assets | $732M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $208M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $715M |
| Deferred Revenue NC | $57M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $863M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $831M |
| Net Debt | $492M |
