| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $184M | $210M | 0.5% | -11.9% |
| Op. Income | $146M | $51M | -$313M | 186.3% | 146.6% |
| Gross Margin | 67.0% | 63.6% | 72.4% | 3.4pp | -5.4pp |
| Net Margin | 77.8% | 40.2% | -150.0% | 37.6pp | 227.8pp |
| EPS (Diluted) | $0.23 | $0.12 | $-0.56 | 91.7% | 141.1% |
| Free Cash Flow | -$2M | -$29M | $36M | 93.1% | -105.6% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $124M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | -$133M |
| Operating Expenses | -$22M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $164M |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $34M |
| EBIT | -$19M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $124M |
| R&D Expenses | $47M |
| Selling & Marketing | $0 |
| General & Administrative | $64M |
| SG&A Expenses | $64M |
| Other Expenses | -$133M |
| Operating Expenses | -$22M |
| Cost & Expenses | $39M |
| OPERATING INCOME | $146M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $145M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $144M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $144M |
| Net Income Deductions | $164M |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $34M |
| EBIT | -$19M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $144M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$169M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$221M |
| Sales/Maturities of Investments | $363M |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | $96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $378M |
| Short-Term Investments | $334M |
| Net Receivables | $172M |
| Inventory | $0 |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $91M |
| Goodwill | $844M |
| Intangible Assets | $522M |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $207M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $397M |
| Long-Term Debt | $507M |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $614M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $601M |
| Net Debt | $223M |
