| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $160M | $123M | 8.0% | 40.2% |
| Op. Income | -$72M | -$71M | -$149M | -1.6% | 51.5% |
| Gross Margin | 78.7% | 79.1% | 79.2% | -0.4pp | -0.6pp |
| Net Margin | -42.5% | -44.8% | -121.9% | 2.3pp | 79.5pp |
| EPS (Diluted) | $-0.54 | $-0.53 | $-1.15 | -1.9% | 53.0% |
| Free Cash Flow | -$37M | -$5M | -$8M | -669.2% | -343.4% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $135M |
| R&D Expenses | $64M |
| Selling & Marketing | $103M |
| General & Administrative | $41M |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $208M |
| Cost & Expenses | $245M |
| OPERATING INCOME | -$72M |
| Interest Income | $678.0K |
| Interest Expense | $567.0K |
| Other Income/Expenses | -$779.0K |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $42.0K |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $15M |
| EBIT | -$73M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | -$286.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$689.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$479.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $563M |
| Short-Term Investments | $0 |
| Net Receivables | $109M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $716M |
| PP&E (Net) | $128M |
| Goodwill | $540M |
| Intangible Assets | $225M |
| Long-Term Investments | $11M |
| Tax Assets | -$11M |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $946M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $317M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $419M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $516M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$807M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $89M |
| Net Debt | -$474M |
