| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.1B | $1.1B | 1.6% | 5.7% |
| Op. Income | -$435M | -$401M | -$181M | -8.6% | -140.7% |
| Gross Margin | 58.6% | 59.8% | 58.5% | -1.2pp | 0.2pp |
| Net Margin | -31.9% | -38.0% | -6.7% | 6.1pp | -25.1pp |
| EPS (Diluted) | $-0.22 | $-0.26 | $-0.05 | 15.4% | -383.5% |
| Free Cash Flow | $18M | -$147M | $52M | 112.3% | -65.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $467M |
| GROSS PROFIT | $662M |
| R&D Expenses | $564M |
| Selling & Marketing | $270M |
| General & Administrative | $262M |
| SG&A Expenses | $533M |
| Other Expenses | $0 |
| Operating Expenses | $1.1B |
| Cost & Expenses | $1.6B |
| OPERATING INCOME | -$435M |
| Interest Income | $18M |
| Interest Expense | $5M |
| Other Income/Expenses | $85M |
| INCOME BEFORE TAX | -$350M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$360M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$360M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$360M |
| D&A | $36M |
| EBIT | -$345M |
| EBITDA | -$309M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$360M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $343M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | $98M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | -$20M |
| Purchases of Investments | -$828M |
| Sales/Maturities of Investments | $963M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | $65M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$501M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $217.0K |
| NET CASH FROM FINANCING | -$500M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$379M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.9B |
| Short-Term Investments | $2.5B |
| Net Receivables | $993M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.5B |
| PP&E (Net) | $624M |
| Goodwill | $1.6B |
| Intangible Assets | $229M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $262M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $8.3B |
| Account Payables | $189M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $3.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $120M |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $5.4B |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $12.9B |
| Retained Earnings | -$9.4B |
| Treasury Stock | -$501M |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $8.3B |
| Total Debt | $4.2B |
| Net Debt | $2.3B |
