| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $167M | $157M | $126M | 6.4% | 32.5% |
| Op. Income | -$35M | -$40M | -$22M | 14.2% | -58.0% |
| Gross Margin | 67.6% | 67.4% | 68.9% | 0.2pp | -1.3pp |
| Net Margin | -23.7% | -28.6% | -27.0% | 4.9pp | 3.4pp |
| EPS (Diluted) | $-0.68 | $-0.78 | $-0.62 | 12.8% | -9.7% |
| Free Cash Flow | -$1M | $7M | $7M | -117.1% | -116.8% |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $113M |
| R&D Expenses | $49M |
| Selling & Marketing | $78M |
| General & Administrative | $21M |
| SG&A Expenses | $99M |
| Other Expenses | $0 |
| Operating Expenses | $148M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$35M |
| Interest Income | $243.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $37.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $10M |
| EBIT | -$37M |
| EBITDA | -$27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $21M |
| Net Debt Issuance | -$12.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $163M |
| Short-Term Investments | $76M |
| Net Receivables | $125M |
| Inventory | $0 |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $430M |
| PP&E (Net) | $135M |
| Goodwill | $516M |
| Intangible Assets | $106M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $84M |
| TOTAL NON-CURRENT ASSETS | $856M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $395M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $484M |
| Long-Term Debt | $814M |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $950M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $586.0K |
| Additional Paid-In Capital | $681M |
| Retained Earnings | -$821M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$148M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$148M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $915M |
| Net Debt | $752M |
