| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | $139M | $103M | 8.8% | 47.9% |
| Op. Income | -$119M | -$117M | -$95M | -1.4% | -25.5% |
| Gross Margin | 65.0% | 64.5% | 63.6% | 0.5pp | 1.3pp |
| Net Margin | -76.5% | -84.4% | -93.3% | 7.9pp | 16.8pp |
| EPS (Diluted) | $-0.41 | $-0.42 | $-0.37 | 2.4% | -10.8% |
| Free Cash Flow | -$46M | -$38M | -$21M | -20.9% | -120.8% |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $53M |
| GROSS PROFIT | $99M |
| R&D Expenses | $70M |
| Selling & Marketing | $114M |
| General & Administrative | $33M |
| SG&A Expenses | $147M |
| Other Expenses | $0 |
| Operating Expenses | $217M |
| Cost & Expenses | $271M |
| OPERATING INCOME | -$119M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$114M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $2M |
| EBIT | -$119M |
| EBITDA | -$117M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $75M |
| Deferred Income Tax | $20.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$356M |
| Sales/Maturities of Investments | $347M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $503M |
| Short-Term Investments | $1.4B |
| Net Receivables | $143M |
| Inventory | $0 |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $57M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $139M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $259M |
| Other Current Liabilities | $52M |
| TOTAL CURRENT LIABILITIES | $379M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $784M |
| Minority Interest | $0 |
| TOTAL EQUITY | $784M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $615M |
