| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $415M | $383M | $251M | 8.4% | 65.3% |
| Op. Income | -$240M | -$214M | -$91M | -11.9% | -164.7% |
| Gross Margin | 68.4% | 68.8% | 73.7% | -0.4pp | -5.2pp |
| Net Margin | -58.6% | -63.0% | -43.5% | 4.4pp | -15.0pp |
| EPS (Diluted) | $-1.56 | $-1.56 | $-0.83 | 0.0% | -88.0% |
| Free Cash Flow | $10M | $5M | $53M | 103.2% | -81.0% |
| Item | Amount |
|---|---|
| REVENUE | $415M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $284M |
| R&D Expenses | $162M |
| Selling & Marketing | $252M |
| General & Administrative | $110M |
| SG&A Expenses | $362M |
| Other Expenses | $0 |
| Operating Expenses | $524M |
| Cost & Expenses | $655M |
| OPERATING INCOME | -$240M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$241M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$243M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$243M |
| Net Income Deductions | $287.0K |
| BOTTOM LINE NET INCOME | -$243M |
| D&A | $30M |
| EBIT | -$238M |
| EBITDA | -$208M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$243M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $171M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $42M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$306M |
| Sales/Maturities of Investments | $231M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$88M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $194M |
| Short-Term Investments | $2.3B |
| Net Receivables | $259M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $211M |
| Goodwill | $5.4B |
| Intangible Assets | $299M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $236M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $9.0B |
| Account Payables | $34M |
| Short-Term Debt | $5M |
| Deferred Revenue | $952M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$36M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $9.0B |
| Total Debt | $2.4B |
| Net Debt | $2.2B |
