| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $431M | $383M | $275M | 12.5% | 56.8% |
| Op. Income | -$25M | -$48M | -$42M | 48.6% | 41.2% |
| Gross Margin | 76.4% | 74.5% | 75.2% | 2.0pp | 1.2pp |
| Net Margin | -16.8% | -15.3% | -17.2% | -1.5pp | 0.4pp |
| EPS (Diluted) | $-0.38 | $-0.31 | $-0.26 | -22.6% | -46.2% |
| Free Cash Flow | $44M | $38M | $16M | 15.6% | 183.2% |
| Item | Amount |
|---|---|
| REVENUE | $431M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $329M |
| R&D Expenses | $80M |
| Selling & Marketing | $222M |
| General & Administrative | $52M |
| SG&A Expenses | $274M |
| Other Expenses | $0 |
| Operating Expenses | $354M |
| Cost & Expenses | $456M |
| OPERATING INCOME | -$25M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | -$64M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $20M |
| EBIT | -$58M |
| EBITDA | -$38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $84M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$413.0K |
| Change in Working Capital | $33M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$84M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | $259M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$125M |
| NET CASH FROM FINANCING | $143M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $191M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $566M |
| Short-Term Investments | $207M |
| Net Receivables | $340M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $324M |
| Goodwill | $350M |
| Intangible Assets | $122M |
| Long-Term Investments | $93M |
| Tax Assets | $0 |
| Other Non-Current Assets | $285M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $37M |
| Short-Term Debt | $20M |
| Deferred Revenue | $780M |
| Other Current Liabilities | $156M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $697M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $918M |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $326M |
| Minority Interest | $0 |
| TOTAL EQUITY | $326M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $916M |
| Net Debt | $350M |
