| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $325M | $396M | $376M | -17.9% | -13.5% |
| Op. Income | -$22M | $34M | $19M | -164.9% | -219.3% |
| Gross Margin | 69.9% | 76.7% | 76.6% | -6.8pp | -6.7pp |
| Net Margin | -6.4% | 8.7% | -0.1% | -15.1pp | -6.3pp |
| EPS (Diluted) | $-0.13 | $0.20 | $-0.00 | -163.5% | -5369.6% |
| Free Cash Flow | $57M | $23M | $8M | 149.6% | 569.3% |
| Item | Amount |
|---|---|
| REVENUE | $325M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $228M |
| R&D Expenses | $75M |
| Selling & Marketing | $150M |
| General & Administrative | $23M |
| SG&A Expenses | $173M |
| Other Expenses | $1M |
| Operating Expenses | $250M |
| Cost & Expenses | $348M |
| OPERATING INCOME | -$22M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $5M |
| EBIT | -$14M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | -$126.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $156M |
| Net Receivables | $435M |
| Inventory | $0 |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $796M |
| PP&E (Net) | $128M |
| Goodwill | $81M |
| Intangible Assets | $10M |
| Long-Term Investments | $16M |
| Tax Assets | $5M |
| Other Non-Current Assets | $245M |
| TOTAL NON-CURRENT ASSETS | $486M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $343M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $475M |
| Long-Term Debt | $562M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $652M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $829.0K |
| Additional Paid-In Capital | $272M |
| Retained Earnings | -$97M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $154M |
| Minority Interest | $0 |
| TOTAL EQUITY | $154M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $653M |
| Net Debt | $485M |
