| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $108M | $71M | 14.0% | 75.2% |
| Op. Income | -$46M | -$67M | -$27M | 31.6% | -68.1% |
| Gross Margin | 86.5% | 86.5% | 87.1% | -0.1pp | -0.6pp |
| Net Margin | -36.9% | -61.5% | -40.9% | 24.5pp | 4.0pp |
| EPS (Diluted) | $-1.01 | $-1.48 | $-0.74 | 31.8% | -36.5% |
| Free Cash Flow | -$19M | -$15M | -$2M | -26.4% | -693.7% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $107M |
| R&D Expenses | $34M |
| Selling & Marketing | $97M |
| General & Administrative | $22M |
| SG&A Expenses | $119M |
| Other Expenses | $0 |
| Operating Expenses | $153M |
| Cost & Expenses | $170M |
| OPERATING INCOME | -$46M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $1M |
| EBIT | -$44M |
| EBITDA | -$42M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$609.0K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$684.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$32.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $835M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $868M |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $100.0K |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $960M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $178M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $268M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $50M |
| TOTAL LIABILITIES | $318M |
| Common Stock | $1.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$558M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $642M |
| Minority Interest | $0 |
| TOTAL EQUITY | $642M |
| TOTAL LIABILITIES & EQUITY | $960M |
| Total Debt | $59M |
| Net Debt | -$776M |
