| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $602M | $553M | $487M | 8.9% | 23.8% |
| Op. Income | -$77M | -$119M | -$177M | 35.2% | 56.4% |
| Gross Margin | 74.0% | 73.4% | 72.3% | 0.6pp | 1.6pp |
| Net Margin | -12.3% | -23.1% | -37.2% | 10.8pp | 24.9pp |
| EPS (Diluted) | $-0.42 | $-0.72 | $-1.04 | 41.7% | 59.6% |
| Free Cash Flow | -$68M | -$21M | -$207M | -224.3% | 67.4% |
| Item | Amount |
|---|---|
| REVENUE | $602M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $446M |
| R&D Expenses | $95M |
| Selling & Marketing | $53M |
| General & Administrative | $351M |
| SG&A Expenses | $404M |
| Other Expenses | $23M |
| Operating Expenses | $523M |
| Cost & Expenses | $680M |
| OPERATING INCOME | -$77M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$72M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$74M |
| D&A | $50M |
| EBIT | -$77M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$74M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $49M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$442.0K |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $121M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $83M |
| Net Debt Issuance | $138M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $134M |
| FREE CASH FLOW | -$68M |
| Net Change in Cash | $179M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $421M |
| Short-Term Investments | $277M |
| Net Receivables | $183M |
| Inventory | $124M |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $841M |
| Goodwill | $2.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $92M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $87M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $367M |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $344M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.4B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $2.6B |
| Net Debt | $2.1B |
