| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $326M | $245M | -53.2% | -37.7% |
| Op. Income | $68M | $65M | $131M | 4.1% | -48.2% |
| Gross Margin | 50.0% | 43.8% | 39.1% | 6.2pp | 10.9pp |
| Net Margin | 48.2% | 20.6% | 58.1% | 27.6pp | -9.9pp |
| EPS (Diluted) | $0.06 | $0.05 | $0.11 | 8.6% | -47.2% |
| Free Cash Flow | -$149M | $211M | -$21M | -170.4% | -611.8% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $76M |
| R&D Expenses | $7M |
| Selling & Marketing | $8M |
| General & Administrative | -$6M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $85M |
| OPERATING INCOME | $68M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $2M |
| EBIT | $68M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $76M |
| R&D Expenses | $7M |
| Selling & Marketing | $8M |
| General & Administrative | -$6M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $85M |
| OPERATING INCOME | $68M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $16M |
| INCOME BEFORE TAX | $84M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $74M |
| D&A | $2M |
| EBIT | $68M |
| EBITDA | $70M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $74M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | -$26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$196M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$149M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $31M |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$149M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $280M |
| Net Receivables | $2M |
| Inventory | $1M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $305M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $168.2K |
| Long-Term Investments | $39M |
| Tax Assets | $429.7K |
| Other Non-Current Assets | $346.7K |
| TOTAL NON-CURRENT ASSETS | $44M |
| TOTAL ASSETS | $349M |
| Account Payables | $14M |
| Short-Term Debt | $3M |
| Deferred Revenue | $696.9K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $93.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $877.2K |
| TOTAL LIABILITIES | $29M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $321M |
| TOTAL STOCKHOLDERS' EQUITY | $321M |
| Minority Interest | -$660.2K |
| TOTAL EQUITY | $320M |
| TOTAL LIABILITIES & EQUITY | $349M |
| Total Debt | $4M |
| Net Debt | -$15M |
