| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $72M | $68M | $54M | 6.2% | 34.1% |
| Op. Income | -$23M | -$19M | -$18M | -26.3% | -32.3% |
| Gross Margin | 77.9% | 77.4% | 78.0% | 0.6pp | -0.1pp |
| Net Margin | -32.7% | -35.1% | -38.1% | 2.3pp | 5.4pp |
| EPS (Diluted) | $-0.24 | $-0.24 | $-0.21 | 0.0% | -14.3% |
| Free Cash Flow | $4M | $3M | -$19M | 18.8% | 118.9% |
| Item | Amount |
|---|---|
| REVENUE | $72M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $56M |
| R&D Expenses | $32M |
| Selling & Marketing | $33M |
| General & Administrative | $15M |
| SG&A Expenses | $48M |
| Other Expenses | $0 |
| Operating Expenses | $80M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$23M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $4M |
| EBIT | -$23M |
| EBITDA | -$20M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $118M |
| Other Investing Activities | -$300.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $380M |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $509M |
| PP&E (Net) | $32M |
| Goodwill | $248M |
| Intangible Assets | $41M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $344M |
| TOTAL ASSETS | $853M |
| Account Payables | $13M |
| Short-Term Debt | $7M |
| Deferred Revenue | $143M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $16M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$13M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $228M |
| Common Stock | $281.0K |
| Additional Paid-In Capital | $835M |
| Retained Earnings | -$206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $625M |
| Minority Interest | $0 |
| TOTAL EQUITY | $625M |
| TOTAL LIABILITIES & EQUITY | $853M |
| Total Debt | $39M |
| Net Debt | -$15M |
