| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $478M | $473M | $392M | 1.0% | 21.9% |
| Op. Income | -$62M | -$42M | -$92M | -49.0% | 32.4% |
| Gross Margin | 77.5% | 78.4% | 77.9% | -0.9pp | -0.4pp |
| Net Margin | -25.9% | -37.9% | -26.0% | 12.0pp | 0.1pp |
| EPS (Diluted) | $-0.06 | $-0.09 | $-0.05 | 31.6% | -14.8% |
| Free Cash Flow | $33M | $57M | $95M | -42.7% | -65.8% |
| Item | Amount |
|---|---|
| REVENUE | $478M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $370M |
| R&D Expenses | $101M |
| Selling & Marketing | $183M |
| General & Administrative | $149M |
| SG&A Expenses | $332M |
| Other Expenses | $0 |
| Operating Expenses | $432M |
| Cost & Expenses | $540M |
| OPERATING INCOME | -$62M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | -$61M |
| INCOME BEFORE TAX | -$123M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$124M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$124M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$124M |
| D&A | $6M |
| EBIT | -$122M |
| EBITDA | -$116M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$124M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $140M |
| Deferred Income Tax | -$17.0K |
| Other Non-Cash Items | $76M |
| Change in Working Capital | -$51M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $24M |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.4B |
| Short-Term Investments | $57M |
| Net Receivables | $343M |
| Inventory | $0 |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $257M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $372M |
| TOTAL ASSETS | $3.3B |
| Account Payables | $60M |
| Short-Term Debt | $0 |
| Deferred Revenue | $424M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $688M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $244M |
| TOTAL LIABILITIES | $932M |
| Common Stock | $2M |
| Additional Paid-In Capital | $8.3B |
| Retained Earnings | -$5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.3B |
| Total Debt | $245M |
| Net Debt | -$2.2B |
