| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $371M | $354M | $262M | 4.8% | 41.6% |
| Op. Income | -$14M | -$12M | -$20M | -16.7% | 30.0% |
| Gross Margin | 92.2% | 91.2% | 91.6% | 0.9pp | 0.6pp |
| Net Margin | -19.7% | -0.6% | -13.0% | -19.1pp | -6.7pp |
| EPS (Diluted) | $-0.52 | $-0.02 | $-0.24 | -2341.3% | -116.7% |
| Free Cash Flow | $119M | -$55M | $72M | 316.4% | 65.3% |
| Item | Amount |
|---|---|
| REVENUE | $371M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $342M |
| R&D Expenses | $0 |
| Selling & Marketing | $164M |
| General & Administrative | $103M |
| SG&A Expenses | $267M |
| Other Expenses | $89M |
| Operating Expenses | $356M |
| Cost & Expenses | $385M |
| OPERATING INCOME | -$14M |
| Interest Income | $11M |
| Interest Expense | $11M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $21M |
| EBIT | -$4M |
| EBITDA | $17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $157M |
| OPERATING CASH FLOW | $135M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $119M |
| Net Change in Cash | $111M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $0 |
| Net Receivables | $258M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $218M |
| Goodwill | $825M |
| Intangible Assets | $49M |
| Long-Term Investments | $33M |
| Tax Assets | $70M |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $81M |
| Other Current Liabilities | $68M |
| TOTAL CURRENT LIABILITIES | $763M |
| Long-Term Debt | $837M |
| Deferred Revenue NC | $28M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $178M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $188M |
| Treasury Stock | -$722M |
| Accum. Other Comp. Income | -$78M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $808M |
| Minority Interest | $0 |
| TOTAL EQUITY | $808M |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $925M |
| Net Debt | -$207M |
