| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $473M | $446M | $376M | 6.0% | 25.9% |
| Op. Income | -$42M | -$39M | -$146M | -5.8% | 71.4% |
| Gross Margin | 78.4% | 78.9% | 75.8% | -0.5pp | 2.6pp |
| Net Margin | -37.9% | -22.7% | -36.9% | -15.2pp | -1.0pp |
| EPS (Diluted) | $-0.09 | $-0.05 | $-0.07 | -75.3% | -19.4% |
| Free Cash Flow | $57M | $20M | $22M | 181.2% | 158.3% |
| Item | Amount |
|---|---|
| REVENUE | $473M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $371M |
| R&D Expenses | $88M |
| Selling & Marketing | $169M |
| General & Administrative | $155M |
| SG&A Expenses | $324M |
| Other Expenses | $0 |
| Operating Expenses | $413M |
| Cost & Expenses | $515M |
| OPERATING INCOME | -$42M |
| Interest Income | $1M |
| Interest Expense | $670.0K |
| Other Income/Expenses | -$135M |
| INCOME BEFORE TAX | -$177M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$179M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$179M |
| D&A | $5M |
| EBIT | -$176M |
| EBITDA | -$171M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$179M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $146M |
| Deferred Income Tax | -$11.0K |
| Other Non-Cash Items | $146M |
| Change in Working Capital | -$55M |
| OPERATING CASH FLOW | $62M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $21M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $99M |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $259M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $380M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $57M |
| Short-Term Debt | $0 |
| Deferred Revenue | $380M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $666M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $50M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $268M |
| TOTAL LIABILITIES | $934M |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.1B |
| Retained Earnings | -$5.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $257M |
| Net Debt | -$2.1B |
