| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $819M | $768M | $535M | 6.6% | 53.1% |
| Op. Income | -$92M | -$99M | -$101M | 7.1% | 8.9% |
| Gross Margin | 21.2% | 20.6% | 16.6% | 0.7pp | 4.6pp |
| Net Margin | -9.9% | -13.0% | -4.3% | 3.1pp | -5.6pp |
| EPS (Diluted) | $-0.16 | $0.00 | $-0.20 | -4202.6% | 20.0% |
| Free Cash Flow | -$65M | -$29M | -$50M | -124.1% | -30.0% |
| Item | Amount |
|---|---|
| REVENUE | $819M |
| Cost of Revenue | $645M |
| GROSS PROFIT | $174M |
| R&D Expenses | $85M |
| Selling & Marketing | $99M |
| General & Administrative | $82M |
| SG&A Expenses | $181M |
| Other Expenses | $0 |
| Operating Expenses | $266M |
| Cost & Expenses | $911M |
| OPERATING INCOME | -$92M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$81M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $3M |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $6M |
| EBIT | -$92M |
| EBITDA | -$86M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $63M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$176M |
| Sales/Maturities of Investments | $154M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$65M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $451M |
| Short-Term Investments | $499M |
| Net Receivables | $97M |
| Inventory | $128M |
| Other Current Assets | $155M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $145M |
| Goodwill | $113M |
| Intangible Assets | $31M |
| Long-Term Investments | $36M |
| Tax Assets | $0 |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $434M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $36M |
| Short-Term Debt | $15M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $397M |
| TOTAL CURRENT LIABILITIES | $538M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $159M |
| TOTAL LIABILITIES | $697M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $92M |
| Net Debt | -$359M |
