| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $462M | $550M | $133M | -15.9% | 246.7% |
| Op. Income | -$212M | -$73M | -$80M | -191.6% | -164.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -45.8% | -13.3% | -59.4% | -32.4pp | 13.6pp |
| EPS (Diluted) | $-1.02 | $-0.35 | $-0.39 | -191.4% | -161.5% |
| Free Cash Flow | -$595M | $49M | -$222M | -1305.5% | -168.5% |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $462M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $60M |
| SG&A Expenses | $60M |
| Other Expenses | $614M |
| Operating Expenses | $674M |
| Cost & Expenses | $674M |
| OPERATING INCOME | -$212M |
| Interest Income | $0 |
| Interest Expense | $398.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$212M |
| Income Tax Expense | -$597.0K |
| Net Income from Continuing Ops | -$211M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$211M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$211M |
| D&A | $4M |
| EBIT | -$212M |
| EBITDA | -$208M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$211M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | -$18.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$404M |
| OPERATING CASH FLOW | -$589M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$328M |
| Sales/Maturities of Investments | $318M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$595M |
| Net Change in Cash | -$590M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $587M |
| Net Receivables | $161M |
| Inventory | $0 |
| Other Current Assets | -$1.8B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $43M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $587M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$630M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $3.2B |
| Account Payables | $719M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$1.3B |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.8B |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $17.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.6B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $0 |
| Net Debt | -$1.1B |
