| Metric | Q1 2021 | Q4 2020 | Q1 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $313M | $328M | $315M | -4.6% | -0.6% |
| Op. Income | -$182M | -$171M | -$220M | -6.3% | 17.4% |
| Gross Margin | 78.3% | 79.6% | 77.1% | -1.3pp | 1.2pp |
| Net Margin | -84.7% | -56.5% | -72.8% | -28.2pp | -11.9pp |
| EPS (Diluted) | $-1.31 | $-0.93 | $-1.21 | -40.9% | -8.3% |
| Free Cash Flow | -$16M | -$14M | -$44M | -18.4% | 63.2% |
| Item | Amount |
|---|---|
| REVENUE | $313M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $245M |
| R&D Expenses | $136M |
| Selling & Marketing | $257M |
| General & Administrative | $34M |
| SG&A Expenses | $291M |
| Other Expenses | $0 |
| Operating Expenses | $427M |
| Cost & Expenses | $495M |
| OPERATING INCOME | -$182M |
| Interest Income | $1M |
| Interest Expense | $14M |
| Other Income/Expenses | -$79M |
| INCOME BEFORE TAX | -$261M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$265M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$265M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$265M |
| D&A | $23M |
| EBIT | -$247M |
| EBITDA | -$224M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$265M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $89M |
| Deferred Income Tax | $68M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $57M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$514M |
| Sales/Maturities of Investments | $98M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$429M |
| Net Debt Issuance | $724M |
| Common Stock Repurchased | -$125M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $618M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $182M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $504M |
| Short-Term Investments | $814M |
| Net Receivables | $192M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $260M |
| Goodwill | $185M |
| Intangible Assets | $45M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $265M |
| TOTAL NON-CURRENT ASSETS | $758M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $48M |
| Short-Term Debt | $41M |
| Deferred Revenue | $550M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $780M |
| Long-Term Debt | $995M |
| Deferred Revenue NC | $657M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $329M |
| TOTAL NON-CURRENT LIABILITIES | $2.1B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$2.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $880.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$557M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$557M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $645M |
