| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $168M | $185M | $174M | -9.2% | -3.4% |
| Op. Income | -$177M | $146M | -$58M | -221.2% | -205.2% |
| Gross Margin | 61.9% | 67.0% | 65.5% | -5.1pp | -3.6pp |
| Net Margin | -107.7% | 77.8% | -35.6% | -185.6pp | -72.1pp |
| EPS (Diluted) | $-0.28 | $0.23 | $-0.11 | -221.7% | -154.5% |
| Free Cash Flow | -$51M | -$2M | -$41M | -2450.0% | -24.4% |
| Item | Amount |
|---|---|
| REVENUE | $168M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $104M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $82M |
| SG&A Expenses | $82M |
| Other Expenses | $146M |
| Operating Expenses | $281M |
| Cost & Expenses | $345M |
| OPERATING INCOME | -$177M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$178M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$181M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$181M |
| Net Income Deductions | $44M |
| BOTTOM LINE NET INCOME | -$225M |
| D&A | $29M |
| EBIT | -$176M |
| EBITDA | -$147M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$181M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$49M |
| Change in Working Capital | $151M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$164M |
| Sales/Maturities of Investments | $226M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | $53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $391M |
| Short-Term Investments | $272M |
| Net Receivables | $132M |
| Inventory | $0 |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $964M |
| PP&E (Net) | $84M |
| Goodwill | $841M |
| Intangible Assets | $505M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $190M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $521M |
| Long-Term Debt | $459M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $554M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $546M |
| Net Debt | $155M |
