| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $553M | $523M | $474M | 5.7% | 16.7% |
| Op. Income | -$119M | -$138M | -$221M | 13.9% | 46.3% |
| Gross Margin | 73.4% | 71.7% | 74.9% | 1.7pp | -1.5pp |
| Net Margin | -23.1% | -28.4% | -46.6% | 5.3pp | 23.5pp |
| EPS (Diluted) | $-0.72 | $-0.84 | $-1.28 | 14.3% | 43.8% |
| Free Cash Flow | -$21M | -$86M | -$26M | 75.6% | 19.5% |
| Item | Amount |
|---|---|
| REVENUE | $553M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $406M |
| R&D Expenses | $94M |
| Selling & Marketing | $75M |
| General & Administrative | $329M |
| SG&A Expenses | $404M |
| Other Expenses | $26M |
| Operating Expenses | $525M |
| Cost & Expenses | $672M |
| OPERATING INCOME | -$119M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$128M |
| D&A | $49M |
| EBIT | -$126M |
| EBITDA | -$76M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$128M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $68M |
| OPERATING CASH FLOW | $52M |
| Capital Expenditure | -$73M |
| Acquisitions (Net) | -$31M |
| Purchases of Investments | -$29M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $242M |
| Short-Term Investments | $390M |
| Net Receivables | $158M |
| Inventory | $118M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $982M |
| PP&E (Net) | $852M |
| Goodwill | $2.3B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $91M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.2B |
| Account Payables | $75M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $212M |
| TOTAL CURRENT LIABILITIES | $413M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $352M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.3B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $6.2B |
| Total Debt | $2.4B |
| Net Debt | $2.2B |
