| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B | $1.1B | 5.5% | 21.6% |
| Op. Income | -$346M | -$190M | -$4M | -82.1% | -8337.0% |
| Gross Margin | 48.5% | 50.7% | 54.2% | -2.2pp | -5.7pp |
| Net Margin | -11.6% | -93.0% | 102.2% | 81.3pp | -113.8pp |
| EPS (Diluted) | $-0.12 | $-0.95 | $0.90 | 87.4% | -113.3% |
| Free Cash Flow | -$148M | -$87M | $31M | -70.1% | -585.2% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $704M |
| GROSS PROFIT | $662M |
| R&D Expenses | $412M |
| Selling & Marketing | $302M |
| General & Administrative | $255M |
| SG&A Expenses | $557M |
| Other Expenses | $39M |
| Operating Expenses | $1.0B |
| Cost & Expenses | $1.7B |
| OPERATING INCOME | -$346M |
| Interest Income | $20M |
| Interest Expense | $827.7K |
| Other Income/Expenses | $188M |
| INCOME BEFORE TAX | -$158M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$159M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$159M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$159M |
| D&A | $29M |
| EBIT | -$346M |
| EBITDA | -$317M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$159M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $150M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$170M |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | -$134M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | -$1.8B |
| Purchases of Investments | -$1.5B |
| Sales/Maturities of Investments | $1.6B |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | -$1.8B |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$148M |
| Net Change in Cash | -$2.0B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $3.6B |
| Net Receivables | $913M |
| Inventory | $0 |
| Other Current Assets | $152M |
| TOTAL CURRENT ASSETS | $6.0B |
| PP&E (Net) | $478M |
| Goodwill | $1.8B |
| Intangible Assets | $411M |
| Long-Term Investments | $2.4B |
| Tax Assets | $43M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $11.2B |
| Account Payables | $596M |
| Short-Term Debt | $0 |
| Deferred Revenue | $288M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $905M |
| Long-Term Debt | $913M |
| Deferred Revenue NC | $300M |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $8.7B |
| Additional Paid-In Capital | -$23M |
| Retained Earnings | $101M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $8.7B |
| TOTAL LIABILITIES & EQUITY | $11.2B |
| Total Debt | $1.3B |
| Net Debt | -$79M |
