| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $420M | $412M | $311M | 2.0% | 35.4% |
| Op. Income | -$114M | $103M | $3M | -210.4% | -3783.9% |
| Gross Margin | 98.0% | 98.1% | 98.5% | -0.2pp | -0.5pp |
| Net Margin | -18.2% | 21.6% | 4.5% | -39.8pp | -22.7pp |
| EPS (Diluted) | $-0.79 | $0.88 | $0.14 | -189.8% | -664.3% |
| Free Cash Flow | -$134M | $141M | -$48M | -194.7% | -178.0% |
| Item | Amount |
|---|---|
| REVENUE | $420M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $412M |
| R&D Expenses | $140M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $243M |
| Other Expenses | $144M |
| Operating Expenses | $526M |
| Cost & Expenses | $535M |
| OPERATING INCOME | -$114M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | -$27M |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $5M |
| EBIT | -$102M |
| EBITDA | -$97M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | -$125M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$238M |
| Sales/Maturities of Investments | $204M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$134M |
| Net Change in Cash | -$159M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $791M |
| Net Receivables | $392M |
| Inventory | $33M |
| Other Current Assets | $113M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $147M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $380M |
| Tax Assets | $337M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $927M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $374M |
| TOTAL CURRENT LIABILITIES | $374M |
| Long-Term Debt | $170M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $301M |
| TOTAL LIABILITIES | $675M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$483M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $260M |
| Net Debt | $156M |
