| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.4B | $1.1B | -29.3% | -8.8% |
| Op. Income | -$72M | -$95M | -$101M | 24.0% | 28.6% |
| Gross Margin | 49.1% | 39.6% | 53.9% | 9.6pp | -4.8pp |
| Net Margin | -9.7% | -57.2% | -3.9% | 47.5pp | -5.8pp |
| EPS (Diluted) | $-1.39 | $-11.61 | $-0.65 | 88.0% | -113.8% |
| Free Cash Flow | $0 | $0 | $802M | — | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $519M |
| GROSS PROFIT | $501M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $574M |
| Other Expenses | $0 |
| Operating Expenses | $574M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$72M |
| Interest Income | $13M |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | -$107M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $0 |
| EBIT | -$72M |
| EBITDA | -$72M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $59M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $1.5B |
| Net Receivables | $23M |
| Inventory | $22M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $4.2B |
| PP&E (Net) | $1.2B |
| Goodwill | $19M |
| Intangible Assets | $234M |
| Long-Term Investments | $558M |
| Tax Assets | $9M |
| Other Non-Current Assets | $492M |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $151M |
| Short-Term Debt | $0 |
| Deferred Revenue | $539M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20.0K |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $652M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $215.0K |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | -$393M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $180M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | -$27M |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $882M |
| Net Debt | -$466M |
