| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $379M | $391M | $313M | -3.1% | 21.0% |
| Op. Income | -$137M | -$142M | -$182M | 3.3% | 24.6% |
| Gross Margin | 78.5% | 79.9% | 78.3% | -1.4pp | 0.2pp |
| Net Margin | -110.9% | -91.7% | -84.7% | -19.2pp | -26.2pp |
| EPS (Diluted) | $-1.95 | $-1.68 | $-1.31 | -16.1% | -48.9% |
| Free Cash Flow | -$2M | -$42M | -$16M | 95.5% | 88.3% |
| Item | Amount |
|---|---|
| REVENUE | $379M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $297M |
| R&D Expenses | $144M |
| Selling & Marketing | $250M |
| General & Administrative | $40M |
| SG&A Expenses | $290M |
| Other Expenses | $0 |
| Operating Expenses | $434M |
| Cost & Expenses | $516M |
| OPERATING INCOME | -$137M |
| Interest Income | $554.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$279M |
| INCOME BEFORE TAX | -$416M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$420M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$420M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$420M |
| D&A | $23M |
| EBIT | -$401M |
| EBITDA | -$378M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$420M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $91M |
| Deferred Income Tax | $263M |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$290M |
| Sales/Maturities of Investments | $290M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $89M |
| Common Stock Repurchased | -$59M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | $67M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $351M |
| Short-Term Investments | $925M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $221M |
| Goodwill | $185M |
| Intangible Assets | $28M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $375M |
| TOTAL NON-CURRENT ASSETS | $813M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $43M |
| Short-Term Debt | $45M |
| Deferred Revenue | $663M |
| Other Current Liabilities | $43M |
| TOTAL CURRENT LIABILITIES | $905M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $671M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$4.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$659.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$699M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$699M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
