| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $991M | $864M | 6.4% | 21.9% |
| Op. Income | -$290M | -$373M | -$205M | 22.2% | -41.6% |
| Gross Margin | 45.8% | 34.4% | 54.6% | 11.5pp | -8.8pp |
| Net Margin | -40.1% | -38.1% | -11.5% | -2.0pp | -28.5pp |
| EPS (Diluted) | $-1.18 | $-1.08 | $-0.21 | -9.3% | -461.9% |
| Free Cash Flow | -$55M | -$48M | $5M | -14.7% | -1129.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $571M |
| GROSS PROFIT | $483M |
| R&D Expenses | $228M |
| Selling & Marketing | $134M |
| General & Administrative | $293M |
| SG&A Expenses | $427M |
| Other Expenses | $119M |
| Operating Expenses | $773M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$290M |
| Interest Income | $13M |
| Interest Expense | $5M |
| Other Income/Expenses | -$131M |
| INCOME BEFORE TAX | -$422M |
| Income Tax Expense | $648.0K |
| Net Income from Continuing Ops | -$422M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$422M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$422M |
| D&A | $36M |
| EBIT | -$417M |
| EBITDA | -$381M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$422M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $221M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $140M |
| Change in Working Capital | -$740.0K |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | -$1.4B |
| Sales/Maturities of Investments | $1.4B |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | -$31M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$33M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $1.6B |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.5B |
| PP&E (Net) | $563M |
| Goodwill | $262M |
| Intangible Assets | $81M |
| Long-Term Investments | $26M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $90M |
| Short-Term Debt | $38M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.6B |
| TOTAL CURRENT LIABILITIES | $2.8B |
| Long-Term Debt | $815M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $10.1B |
| Retained Earnings | -$9.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $766M |
| Minority Interest | $0 |
| TOTAL EQUITY | $766M |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.1B |
| Net Debt | $935M |
