| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $675M | $535M | $426M | 26.2% | 58.5% |
| Op. Income | -$99M | -$101M | -$51M | 2.0% | -94.1% |
| Gross Margin | 16.7% | 16.6% | 20.9% | 0.1pp | -4.2pp |
| Net Margin | -8.0% | -4.3% | -31.7% | -3.7pp | 23.7pp |
| EPS (Diluted) | $-0.11 | $-0.20 | $-0.27 | 45.0% | 59.3% |
| Free Cash Flow | -$30M | -$50M | $52M | 40.0% | -157.7% |
| Item | Amount |
|---|---|
| REVENUE | $675M |
| Cost of Revenue | $562M |
| GROSS PROFIT | $113M |
| R&D Expenses | $67M |
| Selling & Marketing | $77M |
| General & Administrative | $68M |
| SG&A Expenses | $145M |
| Other Expenses | $0 |
| Operating Expenses | $212M |
| Cost & Expenses | $774M |
| OPERATING INCOME | -$99M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $6M |
| EBIT | -$99M |
| EBITDA | -$93M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$29M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$110M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $697M |
| Short-Term Investments | $482M |
| Net Receivables | $68M |
| Inventory | $88M |
| Other Current Assets | $100M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $119M |
| Goodwill | $74M |
| Intangible Assets | $13M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $300M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $37M |
| Short-Term Debt | $14M |
| Deferred Revenue | $43M |
| Other Current Liabilities | $314M |
| TOTAL CURRENT LIABILITIES | $457M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $143M |
| TOTAL LIABILITIES | $600M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| 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 | -$605M |
