| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $589M | $581M | $469M | 1.4% | 25.5% |
| Op. Income | -$19M | -$25M | -$11M | 23.6% | -79.1% |
| Gross Margin | 77.5% | 77.4% | 77.6% | 0.1pp | -0.1pp |
| Net Margin | -4.6% | -5.2% | -1.8% | 0.6pp | -2.9pp |
| EPS (Diluted) | $-0.14 | $-0.15 | $-0.04 | 6.7% | -225.6% |
| Free Cash Flow | $175M | $70M | $123M | 148.3% | 41.9% |
| Item | Amount |
|---|---|
| REVENUE | $589M |
| Cost of Revenue | $132M |
| GROSS PROFIT | $456M |
| R&D Expenses | $112M |
| Selling & Marketing | $301M |
| General & Administrative | $63M |
| SG&A Expenses | $363M |
| Other Expenses | $0 |
| Operating Expenses | $476M |
| Cost & Expenses | $608M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $21M |
| EBIT | -$19M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $111M |
| Deferred Income Tax | $72.0K |
| Other Non-Cash Items | $57M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $196M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$132M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$63M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $175M |
| Net Change in Cash | $130M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $638M |
| Short-Term Investments | $329M |
| Net Receivables | $314M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $300M |
| Goodwill | $354M |
| Intangible Assets | $87M |
| Long-Term Investments | $95M |
| Tax Assets | $0 |
| Other Non-Current Assets | $375M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $26M |
| Short-Term Debt | $16.0K |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $138M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $720M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $881M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.5B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $349M |
| Minority Interest | $0 |
| TOTAL EQUITY | $349M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $872M |
| Net Debt | $234M |
