| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $271M | $274M | $256M | -1.3% | 5.6% |
| Op. Income | -$77M | -$85M | -$65M | 9.2% | -18.2% |
| Gross Margin | 65.6% | 65.3% | 67.1% | 0.3pp | -1.5pp |
| Net Margin | -34.5% | -104.4% | -22.0% | 69.8pp | -12.5pp |
| EPS (Diluted) | $-0.57 | $-1.75 | $-0.35 | 67.4% | -64.7% |
| Free Cash Flow | -$19M | -$25M | -$28M | 26.0% | 32.0% |
| Item | Amount |
|---|---|
| REVENUE | $271M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $178M |
| R&D Expenses | $75M |
| Selling & Marketing | $154M |
| General & Administrative | $26M |
| SG&A Expenses | $180M |
| Other Expenses | $0 |
| Operating Expenses | $255M |
| Cost & Expenses | $348M |
| OPERATING INCOME | -$77M |
| Interest Income | $520.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$94M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$94M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$94M |
| D&A | $4M |
| EBIT | -$80M |
| EBITDA | -$76M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$94M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $384.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$22M |
| Purchases of Investments | -$567.0K |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $108M |
| Short-Term Investments | $168M |
| Net Receivables | $346M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $660M |
| PP&E (Net) | $126M |
| Goodwill | $81M |
| Intangible Assets | $12M |
| Long-Term Investments | $12M |
| Tax Assets | $6M |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $506M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $245M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $414M |
| Long-Term Debt | $593M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $688M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $822.0K |
| Additional Paid-In Capital | $204M |
| Retained Earnings | -$111M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $681M |
| Net Debt | $574M |
