| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $59M | $50M | 7.3% | 27.7% |
| Op. Income | -$21M | -$18M | -$13M | -15.5% | -68.6% |
| Gross Margin | 83.6% | 84.1% | 86.0% | -0.5pp | -2.4pp |
| Net Margin | -35.5% | -37.4% | -23.0% | 1.9pp | -12.5pp |
| EPS (Diluted) | $-0.27 | $-0.27 | $-0.15 | 0.0% | -80.0% |
| Free Cash Flow | -$350.0K | $2M | -$3M | -115.4% | 87.9% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $53M |
| R&D Expenses | $21M |
| Selling & Marketing | $37M |
| General & Administrative | $17M |
| SG&A Expenses | $54M |
| Other Expenses | -$616.0K |
| Operating Expenses | $74M |
| Cost & Expenses | $85M |
| OPERATING INCOME | -$21M |
| Interest Income | $818.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $205.0K |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $6M |
| EBIT | -$21M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$160.0K |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $67M |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$350.0K |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $326M |
| Short-Term Investments | $231M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $620M |
| PP&E (Net) | $37M |
| Goodwill | $72M |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $156M |
| TOTAL ASSETS | $775M |
| Account Payables | $4M |
| Short-Term Debt | $5M |
| Deferred Revenue | $120M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $280M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $316M |
| TOTAL LIABILITIES | $481M |
| Common Stock | $0 |
| Additional Paid-In Capital | $558M |
| Retained Earnings | -$264M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $139.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $775M |
| Total Debt | $310M |
| Net Debt | -$16M |
