| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $434M | $386M | $379M | 12.5% | 14.6% |
| Op. Income | -$81M | -$133M | -$137M | 39.5% | 41.2% |
| Gross Margin | 81.0% | 79.3% | 78.5% | 1.7pp | 2.5pp |
| Net Margin | -22.9% | -39.2% | -110.9% | 16.3pp | 88.1pp |
| EPS (Diluted) | $-0.44 | $-0.67 | $-1.95 | 34.3% | 77.4% |
| Free Cash Flow | $46M | $23M | -$2M | 97.2% | 2504.8% |
| Item | Amount |
|---|---|
| REVENUE | $434M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $351M |
| R&D Expenses | $149M |
| Selling & Marketing | $236M |
| General & Administrative | $46M |
| SG&A Expenses | $282M |
| Other Expenses | $0 |
| Operating Expenses | $431M |
| Cost & Expenses | $514M |
| OPERATING INCOME | -$81M |
| Interest Income | $6M |
| Interest Expense | $16M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $398.0K |
| BOTTOM LINE NET INCOME | -$100M |
| D&A | $20M |
| EBIT | -$78M |
| EBITDA | -$59M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $81M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | $41M |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | -$11M |
| Purchases of Investments | -$256M |
| Sales/Maturities of Investments | $268M |
| Other Investing Activities | $11M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | $78M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $481M |
| Short-Term Investments | $907M |
| Net Receivables | $90M |
| Inventory | $0 |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $223M |
| Goodwill | $185M |
| Intangible Assets | $13M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $372M |
| TOTAL NON-CURRENT ASSETS | $795M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $31M |
| Short-Term Debt | $182M |
| Deferred Revenue | $769M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $713M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.7B |
| Retained Earnings | -$4.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$791M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$791M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.4B |
| Net Debt | $966M |
