| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $535M | $515M | $282M | 3.9% | 89.7% |
| Op. Income | -$101M | -$117M | -$5M | 14.0% | -1920.0% |
| Gross Margin | 16.6% | 14.8% | 24.5% | 1.9pp | -7.8pp |
| Net Margin | -4.3% | 0.0% | -35.1% | -4.3pp | 30.8pp |
| EPS (Diluted) | $-0.20 | $0.00 | $-0.21 | -66766.7% | 4.8% |
| Free Cash Flow | -$50M | -$35M | -$13M | -44.1% | -284.6% |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $446M |
| GROSS PROFIT | $89M |
| R&D Expenses | $62M |
| Selling & Marketing | $71M |
| General & Administrative | $57M |
| SG&A Expenses | $128M |
| Other Expenses | $0 |
| Operating Expenses | $190M |
| Cost & Expenses | $636M |
| OPERATING INCOME | -$101M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $78M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $79M |
| BOTTOM LINE NET INCOME | -$102M |
| D&A | $6M |
| EBIT | -$101M |
| EBITDA | -$95M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$64M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $29M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $757M |
| Short-Term Investments | $453M |
| Net Receivables | $56M |
| Inventory | $76M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $121M |
| Goodwill | $74M |
| Intangible Assets | $15M |
| Long-Term Investments | $11M |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $289M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $29M |
| Short-Term Debt | $18M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $287M |
| TOTAL CURRENT LIABILITIES | $404M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $187M |
| TOTAL LIABILITIES | $591M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $95M |
| Net Debt | -$662M |
