| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $764M | $734M | $645M | 4.2% | 18.5% |
| Op. Income | -$111M | -$23M | $69M | -370.5% | -260.0% |
| Gross Margin | 46.5% | 49.7% | 52.4% | -3.3pp | -6.0pp |
| Net Margin | -14.7% | -3.6% | 11.4% | -11.1pp | -26.1pp |
| EPS (Diluted) | $-0.82 | $-0.19 | $0.52 | -331.6% | -257.7% |
| Free Cash Flow | -$149M | $87M | $39M | -271.4% | -484.7% |
| Item | Amount |
|---|---|
| REVENUE | $764M |
| Cost of Revenue | $409M |
| GROSS PROFIT | $355M |
| R&D Expenses | $197M |
| Selling & Marketing | $185M |
| General & Administrative | $84M |
| SG&A Expenses | $269M |
| Other Expenses | $0 |
| Operating Expenses | $466M |
| Cost & Expenses | $875M |
| OPERATING INCOME | -$111M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $770.0K |
| INCOME BEFORE TAX | -$110M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$112M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$112M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$112M |
| D&A | $26M |
| EBIT | -$109M |
| EBITDA | -$83M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$112M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $87M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$167M |
| OPERATING CASH FLOW | -$112M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$77M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$149M |
| Net Change in Cash | -$185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.1B |
| Short-Term Investments | $0 |
| Net Receivables | $715M |
| Inventory | $76M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3.0B |
| PP&E (Net) | $762M |
| Goodwill | $162M |
| Intangible Assets | $75M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $352M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $4.3B |
| Account Payables | $114M |
| Short-Term Debt | $85M |
| Deferred Revenue | $51M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $825M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $693M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$229M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$371.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $4.3B |
| Total Debt | $721M |
| Net Debt | -$1.3B |
