| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $523M | $522M | $456M | 0.3% | 14.6% |
| Op. Income | -$138M | -$160M | -$162M | 13.5% | 14.8% |
| Gross Margin | 71.7% | 72.3% | 74.6% | -0.6pp | -2.9pp |
| Net Margin | -28.4% | -31.8% | -36.6% | 3.4pp | 8.1pp |
| EPS (Diluted) | $-0.84 | $-0.94 | $-0.97 | 10.6% | 13.4% |
| Free Cash Flow | -$86M | -$124M | -$80M | 31.1% | -7.4% |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $375M |
| R&D Expenses | $91M |
| Selling & Marketing | $66M |
| General & Administrative | $314M |
| SG&A Expenses | $380M |
| Other Expenses | $43M |
| Operating Expenses | $513M |
| Cost & Expenses | $661M |
| OPERATING INCOME | -$138M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$152M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$149M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$149M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$149M |
| D&A | $49M |
| EBIT | -$148M |
| EBITDA | -$100M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$149M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$45M |
| Acquisitions (Net) | -$160.0K |
| Purchases of Investments | -$23M |
| Sales/Maturities of Investments | $108M |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | $65M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $235.0K |
| NET CASH FROM FINANCING | $235.0K |
| FREE CASH FLOW | -$86M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $235M |
| Short-Term Investments | $434M |
| Net Receivables | $189M |
| Inventory | $115M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $846M |
| Goodwill | $2.3B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $424M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $355M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $2.4B |
| Net Debt | $2.2B |
