| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $452M | $415M | $316M | 8.9% | 43.3% |
| Op. Income | -$208M | -$240M | -$263M | 13.3% | 21.0% |
| Gross Margin | 69.5% | 68.4% | 68.0% | 1.0pp | 1.5pp |
| Net Margin | -46.5% | -58.6% | -87.7% | 12.1pp | 41.2pp |
| EPS (Diluted) | $-1.34 | $-1.56 | $-1.83 | 14.1% | 26.8% |
| Free Cash Flow | -$25M | $10M | -$4M | -350.0% | -566.5% |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $138M |
| GROSS PROFIT | $314M |
| R&D Expenses | $156M |
| Selling & Marketing | $265M |
| General & Administrative | $101M |
| SG&A Expenses | $366M |
| Other Expenses | $0 |
| Operating Expenses | $522M |
| Cost & Expenses | $660M |
| OPERATING INCOME | -$208M |
| Interest Income | $5M |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$206M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$210M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$210M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$210M |
| D&A | $31M |
| EBIT | -$203M |
| EBITDA | -$172M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$210M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $170M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$265M |
| Sales/Maturities of Investments | $290M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23M |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $216M |
| Short-Term Investments | $2.3B |
| Net Receivables | $323M |
| Inventory | $0 |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $209M |
| Goodwill | $5.4B |
| Intangible Assets | $281M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $238M |
| TOTAL NON-CURRENT ASSETS | $6.1B |
| TOTAL ASSETS | $9.1B |
| Account Payables | $44M |
| Short-Term Debt | $5M |
| Deferred Revenue | $994M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $7.6B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $9.1B |
| Total Debt | $2.4B |
| Net Debt | $2.1B |
