| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $74M | $41M | 19.5% | 115.6% |
| Op. Income | -$68M | -$89M | -$68M | 23.6% | 0.4% |
| Gross Margin | 34.8% | 11.6% | 43.4% | 23.2pp | -8.6pp |
| Net Margin | -72.1% | -123.5% | -171.5% | 51.5pp | 99.4pp |
| EPS (Diluted) | $-0.92 | $-1.37 | $-1.14 | 32.8% | 19.3% |
| Free Cash Flow | -$31M | -$58M | -$52M | 45.8% | 39.9% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $31M |
| R&D Expenses | $0 |
| Selling & Marketing | $27M |
| General & Administrative | $31M |
| SG&A Expenses | $58M |
| Other Expenses | $41M |
| Operating Expenses | $99M |
| Cost & Expenses | $157M |
| OPERATING INCOME | -$68M |
| Interest Income | $800.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$64M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$64M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$64M |
| D&A | $5M |
| EBIT | -$68M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $123M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $88M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $300.0K |
| NET CASH FROM FINANCING | $300.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $283M |
| Short-Term Investments | $750M |
| Net Receivables | $362M |
| Inventory | $0 |
| Other Current Assets | -$1.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $46M |
| Goodwill | $19M |
| Intangible Assets | $33M |
| Long-Term Investments | $750M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$848M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.7B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$54M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$75M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $824M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$860M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $867M |
| Minority Interest | $0 |
| TOTAL EQUITY | $867M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $35M |
| Net Debt | -$247M |
