| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $345M | $346M | $318M | -0.5% | 8.2% |
| Op. Income | -$181M | -$156M | -$230M | -15.6% | 21.5% |
| Gross Margin | 78.4% | 79.5% | 77.3% | -1.1pp | 1.1pp |
| Net Margin | -35.9% | -83.0% | -75.6% | 47.1pp | 39.7pp |
| EPS (Diluted) | $-0.60 | $-1.42 | $-1.23 | 57.7% | 51.2% |
| Free Cash Flow | -$71M | -$28M | -$117M | -151.1% | 39.1% |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $270M |
| R&D Expenses | $145M |
| Selling & Marketing | $263M |
| General & Administrative | $42M |
| SG&A Expenses | $306M |
| Other Expenses | $0 |
| Operating Expenses | $451M |
| Cost & Expenses | $525M |
| OPERATING INCOME | -$181M |
| Interest Income | $940.0K |
| Interest Expense | $22M |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | -$119M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$124M |
| D&A | $24M |
| EBIT | -$97M |
| EBITDA | -$74M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$124M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | -$85M |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $652.0K |
| OPERATING CASH FLOW | -$56M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$286M |
| Sales/Maturities of Investments | $293M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $40M |
| FREE CASH FLOW | -$71M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $980M |
| Net Receivables | $151M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $246M |
| Goodwill | $185M |
| Intangible Assets | $36M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $331M |
| TOTAL NON-CURRENT ASSETS | $802M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $57M |
| Short-Term Debt | $42M |
| Deferred Revenue | $605M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $861M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $669M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $348M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $92.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$747M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$747M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.2B |
| Net Debt | $902M |
