| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $768M | $752M | $515M | 2.1% | 49.2% |
| Op. Income | -$99M | -$85M | -$117M | -16.5% | 15.7% |
| Gross Margin | 20.6% | 20.1% | 14.8% | 0.5pp | 5.8pp |
| Net Margin | -13.0% | -13.0% | 0.0% | 0.0pp | -13.0pp |
| EPS (Diluted) | $0.00 | $-0.19 | $0.00 | 102.1% | 1200.0% |
| Free Cash Flow | -$29M | -$80M | -$35M | 63.7% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $768M |
| Cost of Revenue | $610M |
| GROSS PROFIT | $158M |
| R&D Expenses | $79M |
| Selling & Marketing | $87M |
| General & Administrative | $91M |
| SG&A Expenses | $178M |
| Other Expenses | $0 |
| Operating Expenses | $257M |
| Cost & Expenses | $867M |
| OPERATING INCOME | -$99M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$98M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$100M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$100M |
| Net Income Deductions | -$102M |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $6M |
| EBIT | -$99M |
| EBITDA | -$93M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$100M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $71M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $37M |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$247M |
| Sales/Maturities of Investments | $184M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$73M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$89M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $547M |
| Short-Term Investments | $474M |
| Net Receivables | $77M |
| Inventory | $130M |
| Other Current Assets | $108M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $138M |
| Goodwill | $0 |
| Intangible Assets | $136M |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $96M |
| TOTAL NON-CURRENT ASSETS | $398M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $30M |
| Short-Term Debt | $14M |
| Deferred Revenue | $39M |
| Other Current Liabilities | $339M |
| TOTAL CURRENT LIABILITIES | $496M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $80M |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $663M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $94M |
| Net Debt | -$453M |
