| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $603M | $877M | $575M | -31.3% | 4.8% |
| Op. Income | -$244M | $6M | -$4M | -4252.8% | -6549.0% |
| Gross Margin | 71.6% | 78.9% | 74.6% | -7.3pp | -3.0pp |
| Net Margin | -34.6% | 2.0% | -0.9% | -36.6pp | -33.7pp |
| EPS (Diluted) | $-0.31 | $0.03 | $-0.01 | -1296.9% | -3775.0% |
| Free Cash Flow | $181M | $57M | $206M | 217.0% | -12.1% |
| Item | Amount |
|---|---|
| REVENUE | $603M |
| Cost of Revenue | $171M |
| GROSS PROFIT | $432M |
| R&D Expenses | $266M |
| Selling & Marketing | $201M |
| General & Administrative | $208M |
| SG&A Expenses | $409M |
| Other Expenses | $0 |
| Operating Expenses | $675M |
| Cost & Expenses | $846M |
| OPERATING INCOME | -$244M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $25M |
| INCOME BEFORE TAX | -$218M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | -$209M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$209M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$209M |
| D&A | $6M |
| EBIT | -$244M |
| EBITDA | -$237M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$209M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $143M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $112M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $183M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$332M |
| Sales/Maturities of Investments | $348M |
| Other Investing Activities | $16M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$161M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$159M |
| FREE CASH FLOW | $181M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.7B |
| Short-Term Investments | $1.1B |
| Net Receivables | $488M |
| Inventory | $0 |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $128M |
| Goodwill | $0 |
| Intangible Assets | $123M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $268M |
| TOTAL ASSETS | $3.6B |
| Account Payables | $77M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $245M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $185M |
| TOTAL LIABILITIES | $507M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.4B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $160M |
| Net Debt | -$1.5B |
