| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $545M | $512M | $383M | 6.6% | 42.4% |
| Op. Income | -$3M | -$23M | -$48M | 85.1% | 93.1% |
| Gross Margin | 78.7% | 77.8% | 74.5% | 1.0pp | 4.3pp |
| Net Margin | -1.0% | -5.0% | -15.3% | 3.9pp | 14.2pp |
| EPS (Diluted) | $-0.03 | $-0.13 | $-0.31 | 77.9% | 90.7% |
| Free Cash Flow | $90M | $162M | $38M | -44.3% | 136.6% |
| Item | Amount |
|---|---|
| REVENUE | $545M |
| Cost of Revenue | $116M |
| GROSS PROFIT | $429M |
| R&D Expenses | $103M |
| Selling & Marketing | $276M |
| General & Administrative | $55M |
| SG&A Expenses | $330M |
| Other Expenses | $0 |
| Operating Expenses | $433M |
| Cost & Expenses | $549M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$107.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $20M |
| EBIT | -$3M |
| EBITDA | $17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $109M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $48M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$117M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$95M |
| NET CASH FROM FINANCING | -$65M |
| FREE CASH FLOW | $90M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $315M |
| Net Receivables | $320M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $310M |
| Goodwill | $355M |
| Intangible Assets | $103M |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $346M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $48M |
| Short-Term Debt | $12M |
| Deferred Revenue | $940M |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $719M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $911M |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $902M |
| Net Debt | $398M |
