| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $245M | $290M | $186M | -15.4% | 31.6% |
| Op. Income | -$116M | -$51M | -$236M | -127.9% | 50.9% |
| Gross Margin | 81.6% | 85.8% | 73.7% | -4.2pp | 7.9pp |
| Net Margin | -50.0% | -21.8% | -128.7% | -28.2pp | 78.7pp |
| EPS (Diluted) | $-0.23 | $-0.12 | $-0.46 | -91.7% | 50.0% |
| Free Cash Flow | -$63M | -$9M | -$20M | -582.1% | -210.8% |
| Item | Amount |
|---|---|
| REVENUE | $245M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $200M |
| R&D Expenses | $69M |
| Selling & Marketing | $188M |
| General & Administrative | $58M |
| SG&A Expenses | $246M |
| Other Expenses | $2M |
| Operating Expenses | $316M |
| Cost & Expenses | $361M |
| OPERATING INCOME | -$116M |
| Interest Income | $991.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$118M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$123M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$123M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$123M |
| D&A | $7M |
| EBIT | -$116M |
| EBITDA | -$109M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $101M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$54M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | -$90M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $115M |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $67M |
| Goodwill | $52M |
| Intangible Assets | $15M |
| Long-Term Investments | $7M |
| Tax Assets | $8M |
| Other Non-Current Assets | $130M |
| TOTAL NON-CURRENT ASSETS | $280M |
| TOTAL ASSETS | $2.4B |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $325M |
| TOTAL CURRENT LIABILITIES | $438M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $57M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $545M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $48M |
| Net Debt | -$1.6B |
