| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $621M | $505M | $444M | 23.0% | 39.9% |
| Op. Income | $8M | -$81M | $29M | 109.9% | -72.4% |
| Gross Margin | 70.9% | 65.1% | 68.2% | 5.7pp | 2.6pp |
| Net Margin | 1.3% | -16.2% | 6.3% | 17.5pp | -5.0pp |
| EPS (Diluted) | $0.03 | $-1.15 | $0.44 | 102.5% | -93.4% |
| Free Cash Flow | $60M | $24M | -$46M | 150.0% | 231.9% |
| Item | Amount |
|---|---|
| REVENUE | $621M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $440M |
| R&D Expenses | $129M |
| Selling & Marketing | $167M |
| General & Administrative | $76M |
| SG&A Expenses | $243M |
| Other Expenses | $60M |
| Operating Expenses | $432M |
| Cost & Expenses | $613M |
| OPERATING INCOME | $8M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $7M |
| EBIT | $9M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $621M |
| Cost of Revenue | $181M |
| GROSS PROFIT | $440M |
| R&D Expenses | $129M |
| Selling & Marketing | $167M |
| General & Administrative | $76M |
| SG&A Expenses | $243M |
| Other Expenses | $60M |
| Operating Expenses | $432M |
| Cost & Expenses | $613M |
| OPERATING INCOME | $8M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $7M |
| EBIT | $9M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$46M |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $144M |
| Other Investing Activities | $46M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $348M |
| Net Receivables | $705M |
| Inventory | $0 |
| Other Current Assets | $94M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $82M |
| Goodwill | $263M |
| Intangible Assets | $60M |
| Long-Term Investments | $42M |
| Tax Assets | $0 |
| Other Non-Current Assets | $30M |
| TOTAL NON-CURRENT ASSETS | $477M |
| TOTAL ASSETS | $3.0B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $642M |
| TOTAL CURRENT LIABILITIES | $693M |
| Long-Term Debt | $42M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $811M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $881M |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $42M |
| Net Debt | -$1.4B |
