| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $417M | $430M | $460M | -3.0% | -9.3% |
| Op. Income | $25M | $14M | $30M | 78.6% | -16.7% |
| Gross Margin | 62.1% | 60.0% | 59.8% | 2.1pp | 2.3pp |
| Net Margin | 1.9% | -0.9% | 3.7% | 2.8pp | -1.8pp |
| EPS (Diluted) | $0.08 | $-0.04 | $0.15 | 300.0% | -46.7% |
| Free Cash Flow | $31M | $102M | $23M | -69.6% | 34.8% |
| Item | Amount |
|---|---|
| REVENUE | $417M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $259M |
| R&D Expenses | $79M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $25M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $28M |
| EBIT | $16M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $417M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $259M |
| R&D Expenses | $79M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $155M |
| Other Expenses | $0 |
| Operating Expenses | $234M |
| Cost & Expenses | $392M |
| OPERATING INCOME | $25M |
| Interest Income | $4M |
| Interest Expense | $6M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $28M |
| EBIT | $16M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$29M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $506M |
| Short-Term Investments | $0 |
| Net Receivables | $253M |
| Inventory | $13M |
| Other Current Assets | $83M |
| TOTAL CURRENT ASSETS | $855M |
| PP&E (Net) | $249M |
| Goodwill | $385M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $192M |
| Other Non-Current Assets | $137M |
| TOTAL NON-CURRENT ASSETS | $963M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $79M |
| Short-Term Debt | $0 |
| Deferred Revenue | $462M |
| Other Current Liabilities | $78M |
| TOTAL CURRENT LIABILITIES | $803M |
| Long-Term Debt | $498M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $206M |
| TOTAL NON-CURRENT LIABILITIES | $780M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$155M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $235M |
| Minority Interest | $0 |
| TOTAL EQUITY | $235M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $628M |
| Net Debt | $122M |
