| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $136M | $125M | $110M | 9.3% | 24.1% |
| Op. Income | -$36M | -$48M | -$31M | 24.0% | -15.7% |
| Gross Margin | 64.2% | 62.9% | 61.6% | 1.4pp | 2.6pp |
| Net Margin | -26.4% | -39.5% | -29.5% | 13.1pp | 3.1pp |
| EPS (Diluted) | $-0.25 | $-0.34 | $-0.23 | 26.5% | -8.7% |
| Free Cash Flow | $1M | -$3M | $7M | 141.0% | -81.7% |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $88M |
| R&D Expenses | $39M |
| Selling & Marketing | $59M |
| General & Administrative | $23M |
| SG&A Expenses | $82M |
| Other Expenses | $3M |
| Operating Expenses | $124M |
| Cost & Expenses | $173M |
| OPERATING INCOME | -$36M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $1M |
| EBIT | -$34M |
| EBITDA | -$32M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$107M |
| Sales/Maturities of Investments | $150M |
| Other Investing Activities | -$341.0K |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $913.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $425M |
| Short-Term Investments | $361M |
| Net Receivables | $55M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $863M |
| PP&E (Net) | $39M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $94M |
| TOTAL ASSETS | $956M |
| Account Payables | $90M |
| Short-Term Debt | $8M |
| Deferred Revenue | $117M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $236M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $887.0K |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $247M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$612M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $709M |
| Minority Interest | $0 |
| TOTAL EQUITY | $709M |
| TOTAL LIABILITIES & EQUITY | $956M |
| Total Debt | $16M |
| Net Debt | -$409M |
