| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $200M | — | 14.8% | — |
| Op. Income | -$88M | -$83M | — | -5.2% | — |
| Gross Margin | 80.4% | 78.3% | — | 2.1pp | — |
| Net Margin | -35.5% | -42.4% | — | 6.9pp | — |
| EPS (Diluted) | $-0.78 | $-0.82 | — | 4.9% | — |
| Free Cash Flow | $12M | -$15M | — | 180.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $185M |
| R&D Expenses | $75M |
| Selling & Marketing | $119M |
| General & Administrative | $67M |
| SG&A Expenses | $185M |
| Other Expenses | $12M |
| Operating Expenses | $273M |
| Cost & Expenses | $318M |
| OPERATING INCOME | -$88M |
| Interest Income | $11M |
| Interest Expense | $3M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | -$107.0K |
| Net Income from Continuing Ops | -$82M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$82M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$82M |
| D&A | $26M |
| EBIT | -$79M |
| EBITDA | -$53M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$82M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$299.0K |
| Other Non-Cash Items | $80M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$860M |
| Sales/Maturities of Investments | $838M |
| Other Investing Activities | -$105M |
| NET CASH FROM INVESTING | -$133M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.0B |
| Net Receivables | $387M |
| Inventory | $0 |
| Other Current Assets | $3.1B |
| TOTAL CURRENT ASSETS | $6.3B |
| PP&E (Net) | $137M |
| Goodwill | $2.4B |
| Intangible Assets | $413M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $9.3B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.2B |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $3.3B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$626M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.0B |
| TOTAL LIABILITIES & EQUITY | $9.3B |
| Total Debt | $1.9B |
| Net Debt | $246M |
