| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $460M | $491M | $454M | -6.3% | 1.3% |
| Op. Income | $30M | $70M | $1M | -57.1% | 2900.0% |
| Gross Margin | 59.8% | 63.1% | 55.9% | -3.4pp | 3.8pp |
| Net Margin | 3.7% | 9.0% | -0.2% | -5.3pp | 3.9pp |
| EPS (Diluted) | $0.15 | $0.39 | $-0.01 | -61.5% | 1730.4% |
| Free Cash Flow | $23M | $219M | $58M | -89.5% | -60.3% |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $275M |
| R&D Expenses | $79M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $37M |
| EBIT | $25M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $460M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $275M |
| R&D Expenses | $79M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $166M |
| Other Expenses | $0 |
| Operating Expenses | $245M |
| Cost & Expenses | $430M |
| OPERATING INCOME | $30M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $37M |
| EBIT | $25M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$37M |
| Common Stock Repurchased | -$55M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$86M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$70M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $613M |
| Short-Term Investments | $0 |
| Net Receivables | $290M |
| Inventory | $17M |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $329M |
| Goodwill | $397M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $205M |
| Other Non-Current Assets | $139M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $104M |
| Short-Term Debt | $75M |
| Deferred Revenue | $464M |
| Other Current Liabilities | $81M |
| TOTAL CURRENT LIABILITIES | $955M |
| Long-Term Debt | $349M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $259M |
| TOTAL NON-CURRENT LIABILITIES | $722M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$141M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $457M |
| Minority Interest | $0 |
| TOTAL EQUITY | $457M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $596M |
| Net Debt | -$17M |
