| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $218M | $282M | -3.7% | -25.5% |
| Op. Income | -$313M | -$127M | -$41M | -146.5% | -663.4% |
| Gross Margin | 72.4% | 68.3% | 75.2% | 4.0pp | -2.8pp |
| Net Margin | -150.0% | -59.6% | -14.5% | -90.4pp | -135.5pp |
| EPS (Diluted) | $-0.56 | $-0.23 | $-0.07 | -143.5% | -659.8% |
| Free Cash Flow | $36M | $21M | $23M | 71.4% | 56.5% |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $152M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $325M |
| Operating Expenses | $465M |
| Cost & Expenses | $523M |
| OPERATING INCOME | -$313M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$313M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$315M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$315M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$315M |
| D&A | $49M |
| EBIT | -$33M |
| EBITDA | $16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$315M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $279M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$273M |
| Sales/Maturities of Investments | $196M |
| Other Investing Activities | -$37M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $214M |
| Short-Term Investments | $525M |
| Net Receivables | $217M |
| Inventory | $0 |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $111M |
| Goodwill | $849M |
| Intangible Assets | $771M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $225M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $429M |
| Long-Term Debt | $720M |
| Deferred Revenue NC | $69M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $885M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $843M |
| Net Debt | $629M |
