| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $391M | $345M | $328M | 13.4% | 19.2% |
| Op. Income | -$142M | -$181M | -$171M | 21.4% | 17.2% |
| Gross Margin | 79.9% | 78.4% | 79.6% | 1.5pp | 0.3pp |
| Net Margin | -91.7% | -35.9% | -56.5% | -55.8pp | -35.1pp |
| EPS (Diluted) | $-1.68 | $-0.60 | $-0.93 | -180.0% | -80.6% |
| Free Cash Flow | -$42M | -$71M | -$14M | 41.0% | -205.9% |
| Item | Amount |
|---|---|
| REVENUE | $391M |
| Cost of Revenue | $79M |
| GROSS PROFIT | $312M |
| R&D Expenses | $141M |
| Selling & Marketing | $271M |
| General & Administrative | $43M |
| SG&A Expenses | $313M |
| Other Expenses | $0 |
| Operating Expenses | $454M |
| Cost & Expenses | $533M |
| OPERATING INCOME | -$142M |
| Interest Income | $649.0K |
| Interest Expense | $22M |
| Other Income/Expenses | -$212M |
| INCOME BEFORE TAX | -$353M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$358M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$358M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$358M |
| D&A | $24M |
| EBIT | -$331M |
| EBITDA | -$307M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$358M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $90M |
| Deferred Income Tax | $187M |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$247M |
| Sales/Maturities of Investments | $298M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $33M |
| Net Debt Issuance | -$459.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $928M |
| Net Receivables | $189M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $238M |
| Goodwill | $185M |
| Intangible Assets | $32M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $368M |
| TOTAL NON-CURRENT ASSETS | $826M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $47M |
| Short-Term Debt | $44M |
| Deferred Revenue | $636M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $928M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $677M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $536M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.2B |
| Net Debt | $908M |
