| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $164M | $139M | 6.4% | 26.1% |
| Op. Income | -$13M | -$23M | -$11M | 44.2% | -15.5% |
| Gross Margin | 77.9% | 78.1% | 80.5% | -0.1pp | -2.5pp |
| Net Margin | -10.7% | -16.7% | -11.7% | 6.0pp | 1.0pp |
| EPS (Diluted) | $-0.17 | $-0.25 | $-0.15 | 32.0% | -13.3% |
| Free Cash Flow | $32M | $26M | $18M | 22.3% | 70.7% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $136M |
| R&D Expenses | $36M |
| Selling & Marketing | $88M |
| General & Administrative | $25M |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $149M |
| Cost & Expenses | $188M |
| OPERATING INCOME | -$13M |
| Interest Income | $2M |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $420.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $6M |
| EBIT | -$13M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$71M |
| Sales/Maturities of Investments | $54M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$938.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $288M |
| Short-Term Investments | $260M |
| Net Receivables | $148M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $786M |
| PP&E (Net) | $85M |
| Goodwill | $317M |
| Intangible Assets | $78M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $83M |
| TOTAL NON-CURRENT ASSETS | $564M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $448M |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $521M |
| Long-Term Debt | $363M |
| Deferred Revenue NC | $146M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $569M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $986M |
| Retained Earnings | -$725M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $260M |
| Minority Interest | $0 |
| TOTAL EQUITY | $260M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $422M |
| Net Debt | $134M |
