| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $464M | $389M | $293M | 19.2% | 58.3% |
| Op. Income | -$74M | -$96M | -$30M | 22.2% | -149.3% |
| Gross Margin | 87.8% | 90.5% | 91.9% | -2.7pp | -4.1pp |
| Net Margin | -16.0% | -24.6% | -10.2% | 8.6pp | -5.7pp |
| EPS (Diluted) | $-0.09 | $-0.12 | $-0.05 | 25.0% | -80.0% |
| Free Cash Flow | -$2.9B | -$970M | -$208M | -199.5% | -1296.1% |
| Item | Amount |
|---|---|
| REVENUE | $464M |
| Cost of Revenue | $57M |
| GROSS PROFIT | $408M |
| R&D Expenses | $0 |
| Selling & Marketing | $162M |
| General & Administrative | $126M |
| SG&A Expenses | $288M |
| Other Expenses | $194M |
| Operating Expenses | $482M |
| Cost & Expenses | $539M |
| OPERATING INCOME | -$74M |
| Interest Income | $198M |
| Interest Expense | $40M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$74M |
| Income Tax Expense | -$242.0K |
| 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 | -$84M |
| D&A | $40M |
| EBIT | -$74M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$74M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $30M |
| Change in Working Capital | -$3.0B |
| OPERATING CASH FLOW | -$2.9B |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $24M |
| Other Investing Activities | -$51M |
| NET CASH FROM INVESTING | -$50M |
| Net Debt Issuance | $831M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2.4B |
| NET CASH FROM FINANCING | $3.2B |
| FREE CASH FLOW | -$2.9B |
| Net Change in Cash | $263M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $935M |
| Short-Term Investments | $51M |
| Net Receivables | $59M |
| Inventory | $0 |
| Other Current Assets | -$59M |
| TOTAL CURRENT ASSETS | $986M |
| PP&E (Net) | $265M |
| Goodwill | $1.6B |
| Intangible Assets | $625M |
| Long-Term Investments | $11.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $726M |
| TOTAL NON-CURRENT ASSETS | $14.8B |
| TOTAL ASSETS | $15.8B |
| Account Payables | $566M |
| Short-Term Debt | $486M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.0B |
| TOTAL CURRENT LIABILITIES | $6.6B |
| Long-Term Debt | $4.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$566M |
| TOTAL NON-CURRENT LIABILITIES | $3.7B |
| TOTAL LIABILITIES | $10.3B |
| Common Stock | $92.0K |
| Additional Paid-In Capital | $6.7B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.5B |
| TOTAL LIABILITIES & EQUITY | $15.8B |
| Total Debt | $4.7B |
| Net Debt | $3.8B |
