| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $184M | $175M | $218M | 5.1% | -15.6% |
| Op. Income | $51M | -$141M | -$127M | 136.2% | 140.2% |
| Gross Margin | 63.6% | 64.0% | 68.3% | -0.4pp | -4.8pp |
| Net Margin | 40.2% | -82.3% | -59.6% | 122.5pp | 99.9pp |
| EPS (Diluted) | $0.12 | $-0.25 | $-0.23 | 148.0% | 152.2% |
| Free Cash Flow | -$29M | $5M | $21M | -680.0% | -238.1% |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $117M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | -$68M |
| Operating Expenses | $66M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $108M |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $45M |
| EBIT | -$59M |
| EBITDA | -$14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $184M |
| Cost of Revenue | $67M |
| GROSS PROFIT | $117M |
| R&D Expenses | $57M |
| Selling & Marketing | $0 |
| General & Administrative | $77M |
| SG&A Expenses | $77M |
| Other Expenses | -$68M |
| Operating Expenses | $66M |
| Cost & Expenses | $133M |
| OPERATING INCOME | $51M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $108M |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $45M |
| EBIT | -$59M |
| EBITDA | -$14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $45M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$137M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$266M |
| Sales/Maturities of Investments | $239M |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $271M |
| Short-Term Investments | $442M |
| Net Receivables | $164M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $929M |
| PP&E (Net) | $96M |
| Goodwill | $845M |
| Intangible Assets | $662M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $194M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $409M |
| Long-Term Debt | $673M |
| Deferred Revenue NC | $41M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $791M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.4B |
| 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 | $2.6B |
| Total Debt | $775M |
| Net Debt | $504M |
