| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $446M | $433M | $341M | 3.1% | 30.8% |
| Op. Income | -$39M | -$59M | -$114M | 33.1% | 65.4% |
| Gross Margin | 78.9% | 79.8% | 78.3% | -0.9pp | 0.6pp |
| Net Margin | -22.7% | -36.1% | -36.2% | 13.4pp | 13.5pp |
| EPS (Diluted) | $-0.05 | $-0.08 | $-0.07 | 35.8% | 26.5% |
| Free Cash Flow | $20M | $88M | $116M | -76.9% | -82.6% |
| Item | Amount |
|---|---|
| REVENUE | $446M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $352M |
| R&D Expenses | $89M |
| Selling & Marketing | $160M |
| General & Administrative | $142M |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $391M |
| Cost & Expenses | $486M |
| OPERATING INCOME | -$39M |
| Interest Income | $547.0K |
| Interest Expense | $594.0K |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | -$99M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $4M |
| EBIT | -$99M |
| EBITDA | -$94M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $149M |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | $70M |
| Change in Working Capital | -$87M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$96M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $253M |
| Net Receivables | $257M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $267M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $125M |
| TOTAL NON-CURRENT ASSETS | $392M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $27M |
| Short-Term Debt | $0 |
| Deferred Revenue | $451M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $669M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $56M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $285M |
| TOTAL LIABILITIES | $954M |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.0B |
| Retained Earnings | -$5.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $268M |
| Net Debt | -$2.0B |
