| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $126M | $88M | 10.5% | 57.8% |
| Op. Income | -$117M | -$111M | -$86M | -5.2% | -36.3% |
| Gross Margin | 64.5% | 63.7% | 66.0% | 0.8pp | -1.5pp |
| Net Margin | -84.4% | -89.6% | -99.8% | 5.2pp | 15.4pp |
| EPS (Diluted) | $-0.42 | $-0.41 | $-0.34 | -2.4% | -23.5% |
| Free Cash Flow | -$38M | -$58M | -$45M | 35.5% | 17.0% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $90M |
| R&D Expenses | $64M |
| Selling & Marketing | $113M |
| General & Administrative | $30M |
| SG&A Expenses | $143M |
| Other Expenses | $0 |
| Operating Expenses | $207M |
| Cost & Expenses | $257M |
| OPERATING INCOME | -$117M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$118M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$118M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$118M |
| D&A | $2M |
| EBIT | -$117M |
| EBITDA | -$115M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$118M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $30.0K |
| Other Non-Cash Items | $78M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$763M |
| Sales/Maturities of Investments | $275M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$492M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$695.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $786.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$518M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $530M |
| Short-Term Investments | $1.4B |
| Net Receivables | $149M |
| Inventory | $0 |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $78M |
| TOTAL NON-CURRENT ASSETS | $133M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $255M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $376M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$979M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $797M |
| Minority Interest | $0 |
| TOTAL EQUITY | $797M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $589M |
