| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $581M | $545M | $431M | 6.5% | 34.8% |
| Op. Income | -$25M | -$3M | -$25M | -649.8% | -1.1% |
| Gross Margin | 77.4% | 78.7% | 76.4% | -1.4pp | 0.9pp |
| Net Margin | -5.2% | -1.0% | -16.8% | -4.2pp | 11.6pp |
| EPS (Diluted) | $-0.15 | $-0.03 | $-0.38 | -422.6% | 60.5% |
| Free Cash Flow | $70M | $90M | $44M | -21.9% | 59.9% |
| Item | Amount |
|---|---|
| REVENUE | $581M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $449M |
| R&D Expenses | $111M |
| Selling & Marketing | $299M |
| General & Administrative | $64M |
| SG&A Expenses | $364M |
| Other Expenses | $0 |
| Operating Expenses | $475M |
| Cost & Expenses | $606M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $21M |
| EBIT | -$28M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $118M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $56M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | $88M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$82M |
| Sales/Maturities of Investments | $95M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$63M |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $509M |
| Short-Term Investments | $294M |
| Net Receivables | $454M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $311M |
| Goodwill | $355M |
| Intangible Assets | $99M |
| Long-Term Investments | $95M |
| Tax Assets | $0 |
| Other Non-Current Assets | $362M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.0B |
| Other Current Liabilities | $160M |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $718M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $894M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $276M |
| Minority Interest | $0 |
| TOTAL EQUITY | $276M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $882M |
| Net Debt | $373M |
