| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $186M | $139M | 5.0% | 40.3% |
| Op. Income | -$98M | -$236M | -$17M | 58.6% | -474.5% |
| Gross Margin | 81.8% | 73.7% | 89.5% | 8.1pp | -7.7pp |
| Net Margin | -51.2% | -128.7% | 3.6% | 77.5pp | -54.7pp |
| EPS (Diluted) | $-0.19 | $-0.46 | $0.01 | 58.7% | -1981.2% |
| Free Cash Flow | -$8M | -$20M | $28M | 61.2% | -127.8% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $160M |
| R&D Expenses | $58M |
| Selling & Marketing | $144M |
| General & Administrative | $56M |
| SG&A Expenses | $200M |
| Other Expenses | -$1M |
| Operating Expenses | $258M |
| Cost & Expenses | $293M |
| OPERATING INCOME | -$98M |
| Interest Income | $766.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$459.0K |
| INCOME BEFORE TAX | -$98M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$100M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$100M |
| D&A | $6M |
| EBIT | -$98M |
| EBITDA | -$92M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$100M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $93M |
| Deferred Income Tax | -$155.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $70M |
| Net Receivables | $198M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $31M |
| Goodwill | $55M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $189M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $268M |
| TOTAL CURRENT LIABILITIES | $375M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $54M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $449M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $19M |
| Net Debt | -$1.8B |
