| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $54M | $41M | 10.5% | 44.9% |
| Op. Income | -$15M | -$14M | -$10M | -7.9% | -57.4% |
| Gross Margin | 74.2% | 74.1% | 75.5% | 0.0pp | -1.3pp |
| Net Margin | -44.7% | -31.8% | -20.2% | -13.0pp | -24.6pp |
| EPS (Diluted) | $-0.33 | $-0.21 | $-0.12 | -57.1% | -175.0% |
| Free Cash Flow | -$5M | -$17M | -$2M | 68.9% | -157.5% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $44M |
| R&D Expenses | $22M |
| Selling & Marketing | $15M |
| General & Administrative | $22M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $75M |
| OPERATING INCOME | -$15M |
| Interest Income | $460.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$378.0K |
| Purchases of Investments | -$785M |
| Sales/Maturities of Investments | $414M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$384M |
| Net Debt Issuance | -$224.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$290M |
| NET CASH FROM FINANCING | -$280M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$666M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $513M |
| Net Receivables | $17M |
| Inventory | $0 |
| Other Current Assets | $1.9B |
| TOTAL CURRENT ASSETS | $3.7B |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $98M |
| TOTAL ASSETS | $3.8B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.9B |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $898M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $960M |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$191.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $870M |
| Minority Interest | $0 |
| TOTAL EQUITY | $870M |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $958M |
| Net Debt | -$266M |
