| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $404M | $413M | $345M | -2.3% | 17.2% |
| Op. Income | -$93M | -$95M | -$181M | 2.2% | 48.7% |
| Gross Margin | 80.2% | 80.6% | 78.4% | -0.4pp | 1.8pp |
| Net Margin | -27.7% | -27.9% | -35.9% | 0.2pp | 8.2pp |
| EPS (Diluted) | $-0.50 | $-0.53 | $-0.60 | 5.7% | 16.7% |
| Free Cash Flow | -$20M | $17M | -$71M | -216.5% | 71.9% |
| Item | Amount |
|---|---|
| REVENUE | $404M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $324M |
| R&D Expenses | $142M |
| Selling & Marketing | $235M |
| General & Administrative | $40M |
| SG&A Expenses | $274M |
| Other Expenses | $0 |
| Operating Expenses | $416M |
| Cost & Expenses | $496M |
| OPERATING INCOME | -$93M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$108M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $22M |
| EBIT | -$93M |
| EBITDA | -$72M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $85M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $67M |
| Purchases of Investments | -$238M |
| Sales/Maturities of Investments | $210M |
| Other Investing Activities | -$67M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | -$744.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387M |
| Short-Term Investments | $914M |
| Net Receivables | $187M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $201M |
| Goodwill | $185M |
| Intangible Assets | $20M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $379M |
| TOTAL NON-CURRENT ASSETS | $789M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $53M |
| Short-Term Debt | $192M |
| Deferred Revenue | $722M |
| Other Current Liabilities | $56M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $710M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $23M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$4.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$722M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$722M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
