| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.1B | $525M | 18.5% | 140.6% |
| Op. Income | -$14M | $59M | -$58M | -123.3% | 76.5% |
| Gross Margin | 35.2% | 39.9% | 46.9% | -4.6pp | -11.6pp |
| Net Margin | -0.7% | 6.0% | -10.6% | -6.7pp | 9.9pp |
| EPS (Diluted) | $-0.03 | $0.18 | $-0.20 | -116.2% | 85.4% |
| Free Cash Flow | -$204M | $140M | -$45M | -245.3% | -349.3% |
| Item | Amount |
|---|---|
| REVENUE | $1.3B |
| Cost of Revenue | $817M |
| GROSS PROFIT | $445M |
| R&D Expenses | $70M |
| Selling & Marketing | $208M |
| General & Administrative | $181M |
| SG&A Expenses | $389M |
| Other Expenses | $0 |
| Operating Expenses | $459M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$14M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $15M |
| EBIT | -$13M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $42M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$225M |
| OPERATING CASH FLOW | -$151M |
| Capital Expenditure | -$53M |
| Acquisitions (Net) | -$58M |
| Purchases of Investments | $100.0K |
| Sales/Maturities of Investments | $224M |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | $113M |
| Net Debt Issuance | $977M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$119M |
| NET CASH FROM FINANCING | $847M |
| FREE CASH FLOW | -$204M |
| Net Change in Cash | $808M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $629M |
| Net Receivables | $30M |
| Inventory | $614M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $1.0B |
| Goodwill | $65M |
| Intangible Assets | $79M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $364M |
| Other Current Liabilities | $874M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $822M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$570M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.5B |
| Net Debt | -$600M |
