| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $152M | $120M | 11.2% | 40.6% |
| Op. Income | -$115M | -$119M | -$114M | 3.3% | -1.1% |
| Gross Margin | 68.0% | 65.0% | 61.5% | 3.1pp | 6.5pp |
| Net Margin | -62.8% | -76.5% | -95.4% | 13.7pp | 32.6pp |
| EPS (Diluted) | $-0.37 | $-0.41 | $-0.43 | 9.8% | 14.0% |
| Free Cash Flow | -$30M | -$46M | -$27M | 34.0% | -12.6% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $115M |
| R&D Expenses | $72M |
| Selling & Marketing | $123M |
| General & Administrative | $35M |
| SG&A Expenses | $158M |
| Other Expenses | $0 |
| Operating Expenses | $230M |
| Cost & Expenses | $284M |
| OPERATING INCOME | -$115M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$104M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106M |
| D&A | $2M |
| EBIT | -$115M |
| EBITDA | -$113M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$283.0K |
| Other Non-Cash Items | $83M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$529M |
| Sales/Maturities of Investments | $483M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | -$786.0K |
| Common Stock Repurchased | -$80.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $436M |
| Short-Term Investments | $1.5B |
| Net Receivables | $178M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $59M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $147M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $290M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $424M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $769M |
| Minority Interest | $0 |
| TOTAL EQUITY | $769M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $681M |
