| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $512M | $469M | $342M | 9.1% | 49.6% |
| Op. Income | -$23M | -$11M | -$59M | -110.6% | 61.4% |
| Gross Margin | 77.8% | 77.6% | 73.5% | 0.2pp | 4.3pp |
| Net Margin | -5.0% | -1.8% | -18.9% | -3.2pp | 13.9pp |
| EPS (Diluted) | $-0.13 | $-0.04 | $-0.35 | -202.3% | 62.9% |
| Free Cash Flow | $162M | $123M | $100M | 31.5% | 62.1% |
| Item | Amount |
|---|---|
| REVENUE | $512M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $398M |
| R&D Expenses | $95M |
| Selling & Marketing | $262M |
| General & Administrative | $64M |
| SG&A Expenses | $326M |
| Other Expenses | $0 |
| Operating Expenses | $421M |
| Cost & Expenses | $534M |
| OPERATING INCOME | -$23M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $158.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $21M |
| EBIT | -$23M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $99M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $178M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$123M |
| NET CASH FROM FINANCING | -$142M |
| FREE CASH FLOW | $162M |
| Net Change in Cash | -$394.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $519M |
| Short-Term Investments | $304M |
| Net Receivables | $299M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $315M |
| Goodwill | $356M |
| Intangible Assets | $110M |
| Long-Term Investments | $64M |
| Tax Assets | $0 |
| Other Non-Current Assets | $328M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $34M |
| Short-Term Debt | $2M |
| Deferred Revenue | $915M |
| Other Current Liabilities | $143M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $730M |
| Deferred Revenue NC | $18M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $934M |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $212M |
| Minority Interest | $0 |
| TOTAL EQUITY | $212M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $913M |
| Net Debt | $395M |
