| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $452M | $417M | $475M | 8.4% | -4.8% |
| Op. Income | $11M | $25M | $50M | -56.0% | -78.0% |
| Gross Margin | 58.2% | 62.1% | 61.9% | -3.9pp | -3.7pp |
| Net Margin | -1.5% | 1.9% | 6.9% | -3.5pp | -8.5pp |
| EPS (Diluted) | $-0.07 | $0.08 | $0.29 | -187.5% | -124.1% |
| Free Cash Flow | $120M | $31M | $85M | 287.1% | 41.2% |
| Item | Amount |
|---|---|
| REVENUE | $452M |
| Cost of Revenue | $189M |
| GROSS PROFIT | $263M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $175M |
| Other Expenses | $0 |
| Operating Expenses | $252M |
| Cost & Expenses | $441M |
| OPERATING INCOME | $11M |
| Interest Income | $6M |
| Interest Expense | $7M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $33M |
| EBIT | $9M |
| EBITDA | $42M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $33M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$19M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $86M |
| OPERATING CASH FLOW | $129M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$19M |
| Common Stock Repurchased | -$41M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | $120M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $569M |
| Short-Term Investments | $0 |
| Net Receivables | $377M |
| Inventory | $8M |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $257M |
| Goodwill | $390M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $213M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $994M |
| TOTAL ASSETS | $2.0B |
| Account Payables | $94M |
| Short-Term Debt | $0 |
| Deferred Revenue | $589M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $498M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $757M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$119M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $258M |
| Minority Interest | $0 |
| TOTAL EQUITY | $258M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $637M |
| Net Debt | $68M |
