| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $752M | $675M | $486M | 11.4% | 54.7% |
| Op. Income | -$85M | -$99M | -$55M | 14.1% | -54.5% |
| Gross Margin | 20.1% | 16.7% | 17.1% | 3.3pp | 3.0pp |
| Net Margin | -13.0% | -8.0% | -52.3% | -5.0pp | 39.2pp |
| EPS (Diluted) | $-0.19 | $-0.11 | $-0.51 | -72.7% | 62.7% |
| Free Cash Flow | -$80M | -$30M | -$22M | -166.7% | -263.6% |
| Item | Amount |
|---|---|
| REVENUE | $752M |
| Cost of Revenue | $601M |
| GROSS PROFIT | $151M |
| R&D Expenses | $74M |
| Selling & Marketing | $84M |
| General & Administrative | $78M |
| SG&A Expenses | $162M |
| Other Expenses | $0 |
| Operating Expenses | $236M |
| Cost & Expenses | $837M |
| OPERATING INCOME | -$85M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $6M |
| EBIT | -$85M |
| EBITDA | -$79M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $47M |
| Change in Working Capital | -$76M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$46M |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $121M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $644M |
| Short-Term Investments | $409M |
| Net Receivables | $78M |
| Inventory | $119M |
| Other Current Assets | $95M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $128M |
| Goodwill | $107M |
| Intangible Assets | $31M |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $94M |
| TOTAL NON-CURRENT ASSETS | $379M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $28M |
| Short-Term Debt | $13M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $324M |
| TOTAL CURRENT LIABILITIES | $457M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $165M |
| TOTAL LIABILITIES | $622M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $94M |
| Net Debt | -$550M |
