| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $196M | $221M | -23.2% | -31.6% |
| Op. Income | -$103M | -$80M | $430M | -28.6% | -123.9% |
| Gross Margin | 92.8% | 91.8% | 94.2% | 1.0pp | -1.4pp |
| Net Margin | -123.4% | -82.2% | 150.3% | -41.3pp | -273.7pp |
| EPS (Diluted) | $-2.70 | $-2.29 | $3.91 | -17.9% | -169.1% |
| Free Cash Flow | $41M | $123M | $151M | -66.9% | -73.0% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $140M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $253M |
| OPERATING INCOME | -$103M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$83M |
| INCOME BEFORE TAX | -$186M |
| Income Tax Expense | $4.0K |
| Net Income from Continuing Ops | -$186M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$186M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | -$186M |
| D&A | $0 |
| EBIT | -$103M |
| EBITDA | -$103M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$186M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $274M |
| Change in Working Capital | -$47M |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $450M |
| NET CASH FROM INVESTING | $486M |
| Net Debt Issuance | -$499M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$599M |
| FREE CASH FLOW | $41M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $86M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $0 |
| Other Current Assets | -$170M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.7B |
| Account Payables | $0 |
| Short-Term Debt | $4.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $734M |
| TOTAL CURRENT LIABILITIES | $4.9B |
| Long-Term Debt | $6.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$6.1B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $11.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $244M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $10.3B |
| Net Debt | $10.2B |
