| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $422M | $396M | $311M | 6.6% | 35.7% |
| Op. Income | -$52M | -$11M | -$17M | -368.4% | -214.7% |
| Gross Margin | 81.3% | 81.6% | 79.8% | -0.3pp | 1.5pp |
| Net Margin | -13.4% | -2.4% | -7.9% | -11.0pp | -5.5pp |
| EPS (Diluted) | $-1.18 | $-0.20 | $-0.53 | -490.0% | -122.6% |
| Free Cash Flow | $12M | $63M | $22M | -80.2% | -44.6% |
| Item | Amount |
|---|---|
| REVENUE | $422M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $343M |
| R&D Expenses | $119M |
| Selling & Marketing | $224M |
| General & Administrative | $52M |
| SG&A Expenses | $276M |
| Other Expenses | $0 |
| Operating Expenses | $395M |
| Cost & Expenses | $474M |
| OPERATING INCOME | -$52M |
| Interest Income | $2M |
| Interest Expense | $949.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $14M |
| EBIT | -$53M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | -$152.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $931.0K |
| OPERATING CASH FLOW | $41M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | -$250.0K |
| Purchases of Investments | -$437M |
| Sales/Maturities of Investments | $345M |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$121M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$103M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $306M |
| Short-Term Investments | $940M |
| Net Receivables | $166M |
| Inventory | $0 |
| Other Current Assets | $64M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $366M |
| Goodwill | $46M |
| Intangible Assets | $69M |
| Long-Term Investments | $163M |
| Tax Assets | $0 |
| Other Non-Current Assets | $98M |
| TOTAL NON-CURRENT ASSETS | $742M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $470M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $662M |
| Long-Term Debt | $453M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $740M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$595M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $871M |
| Minority Interest | $0 |
| TOTAL EQUITY | $871M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $746M |
| Net Debt | $441M |
