| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $444M | $422M | $339M | 5.3% | 30.9% |
| Op. Income | -$32M | -$52M | -$15M | 38.3% | -115.8% |
| Gross Margin | 81.5% | 81.3% | 79.5% | 0.2pp | 2.0pp |
| Net Margin | -7.1% | -13.4% | -4.0% | 6.3pp | -3.0pp |
| EPS (Diluted) | $-0.65 | $-1.18 | $-0.29 | 44.9% | -124.1% |
| Free Cash Flow | $36M | $12M | $27M | 187.0% | 32.7% |
| Item | Amount |
|---|---|
| REVENUE | $444M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $362M |
| R&D Expenses | $114M |
| Selling & Marketing | $230M |
| General & Administrative | $50M |
| SG&A Expenses | $280M |
| Other Expenses | $0 |
| Operating Expenses | $394M |
| Cost & Expenses | $476M |
| OPERATING INCOME | -$32M |
| Interest Income | $5M |
| Interest Expense | $923.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $16M |
| EBIT | -$29M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $72M |
| Deferred Income Tax | -$191.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $60M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$401M |
| Sales/Maturities of Investments | $392M |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $332M |
| Short-Term Investments | $953M |
| Net Receivables | $167M |
| Inventory | $0 |
| Other Current Assets | $65M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $354M |
| Goodwill | $45M |
| Intangible Assets | $74M |
| Long-Term Investments | $153M |
| Tax Assets | $0 |
| Other Non-Current Assets | $110M |
| TOTAL NON-CURRENT ASSETS | $736M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $469M |
| Other Current Liabilities | $63M |
| TOTAL CURRENT LIABILITIES | $668M |
| Long-Term Debt | $454M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $722M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$627M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $907M |
| Minority Interest | $0 |
| TOTAL EQUITY | $907M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $737M |
| Net Debt | $405M |
