| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $96M | $59M | 13.6% | 84.0% |
| Op. Income | -$67M | -$32M | -$38M | -113.6% | -78.3% |
| Gross Margin | 86.5% | 87.7% | 86.6% | -1.1pp | -0.0pp |
| Net Margin | -61.5% | -34.1% | -66.1% | -27.3pp | 4.6pp |
| EPS (Diluted) | $-1.48 | $-0.73 | $-0.89 | -102.7% | -66.3% |
| Free Cash Flow | -$15M | $10M | -$5M | -251.0% | -190.1% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $94M |
| R&D Expenses | $27M |
| Selling & Marketing | $116M |
| General & Administrative | $19M |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $161M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$67M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $1M |
| EBIT | -$66M |
| EBITDA | -$64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $24M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$926.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$11.0K |
| Common Stock Repurchased | -$22M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $850M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $875M |
| PP&E (Net) | $85M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $100.0K |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $960M |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $161M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $245M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $53M |
| TOTAL LIABILITIES | $297M |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$512M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $807.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $663M |
| Minority Interest | $0 |
| TOTAL EQUITY | $663M |
| TOTAL LIABILITIES & EQUITY | $960M |
| Total Debt | $62M |
| Net Debt | -$788M |
