| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $174M | $259M | 0.6% | -32.4% |
| Op. Income | -$141M | -$58M | -$22M | -143.1% | -540.9% |
| Gross Margin | 64.0% | 65.5% | 76.8% | -1.5pp | -12.8pp |
| Net Margin | -82.3% | -35.6% | -8.9% | -46.7pp | -73.4pp |
| EPS (Diluted) | $-0.25 | $-0.11 | $-0.04 | -127.3% | -506.8% |
| Free Cash Flow | $5M | -$41M | $21M | 112.2% | -76.2% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $63M |
| GROSS PROFIT | $112M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $83M |
| SG&A Expenses | $83M |
| Other Expenses | $112M |
| Operating Expenses | $253M |
| Cost & Expenses | $316M |
| OPERATING INCOME | -$141M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$142M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$144M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$144M |
| D&A | $48M |
| EBIT | -$74M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$144M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $63M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$221M |
| Sales/Maturities of Investments | $168M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $291M |
| Short-Term Investments | $416M |
| Net Receivables | $153M |
| Inventory | $0 |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $910M |
| PP&E (Net) | $101M |
| Goodwill | $848M |
| Intangible Assets | $695M |
| Long-Term Investments | $38M |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $198M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $403M |
| Long-Term Debt | $782M |
| Deferred Revenue NC | $46M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $911M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $891M |
| Net Debt | $600M |
