| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $873M | $807M | $689M | 8.1% | 26.7% |
| Op. Income | -$99M | -$34M | $23M | -191.6% | -530.7% |
| Gross Margin | 82.1% | 82.7% | 84.0% | -0.6pp | -1.9pp |
| Net Margin | -23.5% | -1.7% | -3.2% | -21.8pp | -20.3pp |
| EPS (Diluted) | $-0.80 | $-0.05 | $-0.09 | -1500.0% | -788.9% |
| Free Cash Flow | $146M | $76M | $191M | 92.9% | -23.4% |
| Item | Amount |
|---|---|
| REVENUE | $873M |
| Cost of Revenue | $156M |
| GROSS PROFIT | $717M |
| R&D Expenses | $474M |
| Selling & Marketing | $184M |
| General & Administrative | $156M |
| SG&A Expenses | $340M |
| Other Expenses | $3M |
| Operating Expenses | $816M |
| Cost & Expenses | $972M |
| OPERATING INCOME | -$99M |
| Interest Income | $9M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$105M |
| Income Tax Expense | $100M |
| Net Income from Continuing Ops | -$205M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$205M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$205M |
| D&A | $15M |
| EBIT | -$97M |
| EBITDA | -$82M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$205M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $266M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $68M |
| OPERATING CASH FLOW | $151M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$3M |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.6K |
| NET CASH FROM FINANCING | -$1.6K |
| FREE CASH FLOW | $146M |
| Net Change in Cash | $168M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $36M |
| Net Receivables | $355M |
| Inventory | $0 |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $355M |
| Goodwill | $723M |
| Intangible Assets | $84M |
| Long-Term Investments | $237M |
| Tax Assets | $8M |
| Other Non-Current Assets | $72M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $3.6B |
| Account Payables | $130M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1.2B |
| Other Current Liabilities | $136M |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $1000M |
| Deferred Revenue NC | $115M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $577M |
| Minority Interest | $0 |
| TOTAL EQUITY | $577M |
| TOTAL LIABILITIES & EQUITY | $3.6B |
| Total Debt | $1.3B |
| Net Debt | -$333M |
