| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $807M | — | $614M | — | 31.5% |
| Op. Income | -$34M | — | $56M | — | -160.2% |
| Gross Margin | 82.7% | — | 84.3% | — | -1.6pp |
| Net Margin | -1.7% | — | -67.0% | — | 65.3pp |
| EPS (Diluted) | $-0.05 | — | $-1.63 | — | 96.9% |
| Free Cash Flow | $76M | — | $58M | — | 30.7% |
| Item | Amount |
|---|---|
| REVENUE | $807M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $668M |
| R&D Expenses | $399M |
| Selling & Marketing | $160M |
| General & Administrative | $143M |
| SG&A Expenses | $303M |
| Other Expenses | $0 |
| Operating Expenses | $702M |
| Cost & Expenses | $841M |
| OPERATING INCOME | -$34M |
| Interest Income | $5M |
| Interest Expense | $6M |
| Other Income/Expenses | $28M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $15M |
| EBIT | $405.0K |
| EBITDA | $15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $174M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$35M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $92M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$600.0K |
| Purchases of Investments | -$18M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $55M |
| Net Receivables | $247M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $370M |
| Goodwill | $722M |
| Intangible Assets | $93M |
| Long-Term Investments | $239M |
| Tax Assets | $9M |
| Other Non-Current Assets | $71M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $111M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $141M |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $999M |
| Deferred Revenue NC | $107M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $481M |
| Minority Interest | $0 |
| TOTAL EQUITY | $481M |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.3B |
| Net Debt | -$156M |
