| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $386M | $404M | $391M | -4.5% | -1.3% |
| Op. Income | -$133M | -$93M | -$142M | -43.9% | 6.0% |
| Gross Margin | 79.3% | 80.2% | 79.9% | -0.9pp | -0.6pp |
| Net Margin | -39.2% | -27.7% | -91.7% | -11.5pp | 52.5pp |
| EPS (Diluted) | $-0.67 | $-0.50 | $-1.68 | -34.0% | 60.1% |
| Free Cash Flow | $23M | -$20M | -$42M | 215.8% | 155.1% |
| Item | Amount |
|---|---|
| REVENUE | $386M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $306M |
| R&D Expenses | $144M |
| Selling & Marketing | $253M |
| General & Administrative | $43M |
| SG&A Expenses | $295M |
| Other Expenses | $0 |
| Operating Expenses | $439M |
| Cost & Expenses | $519M |
| OPERATING INCOME | -$133M |
| Interest Income | $3M |
| Interest Expense | $16M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$145M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$151M |
| D&A | $21M |
| EBIT | -$129M |
| EBITDA | -$108M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$151M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$67M |
| Purchases of Investments | -$287M |
| Sales/Maturities of Investments | $279M |
| Other Investing Activities | $67M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | -$463.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $719.0K |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $921M |
| Net Receivables | $132M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.5B |
| PP&E (Net) | $232M |
| Goodwill | $185M |
| Intangible Assets | $16M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $387M |
| TOTAL NON-CURRENT ASSETS | $823M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $45M |
| Short-Term Debt | $188M |
| Deferred Revenue | $721M |
| Other Current Liabilities | $76M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $725M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $3.2B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $3.6B |
| Retained Earnings | -$4.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$801M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$801M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.4B |
| Net Debt | $1.0B |
