| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $196M | $147M | 12.9% | 49.9% |
| Op. Income | -$116M | -$98M | -$63M | -18.8% | -84.5% |
| Gross Margin | 80.5% | 81.8% | 88.2% | -1.3pp | -7.7pp |
| Net Margin | -55.6% | -51.2% | -48.1% | -4.4pp | -7.5pp |
| EPS (Diluted) | $-0.23 | $-0.19 | $-0.14 | -21.1% | -64.3% |
| Free Cash Flow | -$31M | -$8M | $7M | -296.2% | -573.1% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $178M |
| R&D Expenses | $62M |
| Selling & Marketing | $173M |
| General & Administrative | $59M |
| SG&A Expenses | $232M |
| Other Expenses | $0 |
| Operating Expenses | $294M |
| Cost & Expenses | $337M |
| OPERATING INCOME | -$116M |
| Interest Income | $899.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$120M |
| Income Tax Expense | $3M |
| 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 | $6M |
| EBIT | -$116M |
| EBITDA | -$110M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$123M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $95M |
| Deferred Income Tax | -$223.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $102M |
| Net Receivables | $269M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $65M |
| Goodwill | $54M |
| Intangible Assets | $18M |
| Long-Term Investments | $13M |
| Tax Assets | $7M |
| Other Non-Current Assets | $103M |
| TOTAL NON-CURRENT ASSETS | $260M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $24M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $307M |
| TOTAL CURRENT LIABILITIES | $467M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $117M |
| TOTAL LIABILITIES | $584M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $54M |
| Net Debt | -$1.7B |
