| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $218M | $208M | $183M | 4.8% | 19.5% |
| Op. Income | -$29M | -$13M | -$31M | -118.8% | 6.0% |
| Gross Margin | 52.0% | 53.8% | 51.4% | -1.7pp | 0.7pp |
| Net Margin | -12.5% | -6.6% | -18.7% | -5.9pp | 6.2pp |
| EPS (Diluted) | $-0.38 | $-0.19 | $-0.49 | -100.0% | 22.4% |
| Free Cash Flow | $22M | $25M | $16M | -13.3% | 37.6% |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $114M |
| R&D Expenses | $38M |
| Selling & Marketing | $76M |
| General & Administrative | $28M |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $247M |
| OPERATING INCOME | -$29M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $527.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $14M |
| EBIT | -$25M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $51M |
| Deferred Income Tax | $59.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$141M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$76M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $488M |
| Net Receivables | $91M |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $800M |
| PP&E (Net) | $146M |
| Goodwill | $165M |
| Intangible Assets | $25M |
| Long-Term Investments | $15M |
| Tax Assets | $4M |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $486M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $22M |
| Short-Term Debt | $169.0K |
| Deferred Revenue | $58M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $739M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $206.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $787M |
| TOTAL LIABILITIES | $947M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $690M |
| Retained Earnings | -$350M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$961.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $339M |
| Minority Interest | $0 |
| TOTAL EQUITY | $339M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $793M |
| Net Debt | $652M |
