| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $1.0B | $875M | -1.8% | 15.0% |
| Op. Income | -$117M | -$205M | -$216M | 42.7% | 45.5% |
| Gross Margin | 46.8% | 45.8% | 46.4% | 0.9pp | 0.4pp |
| Net Margin | -34.0% | -22.4% | -25.3% | -11.6pp | -8.7pp |
| EPS (Diluted) | $-1.84 | $-1.24 | $-1.23 | -48.4% | -49.6% |
| Free Cash Flow | -$114M | -$74M | -$35M | -54.5% | -228.9% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $536M |
| GROSS PROFIT | $471M |
| R&D Expenses | $238M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $350M |
| Other Expenses | $0 |
| Operating Expenses | $588M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$117M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | -$214M |
| INCOME BEFORE TAX | -$332M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$342M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$342M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$342M |
| D&A | $80M |
| EBIT | -$332M |
| EBITDA | -$252M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$342M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $171M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $145M |
| Change in Working Capital | -$143M |
| OPERATING CASH FLOW | -$98M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$136M |
| Sales/Maturities of Investments | $355M |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | $202M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$115M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$122M |
| FREE CASH FLOW | -$114M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $635M |
| Short-Term Investments | $3.3B |
| Net Receivables | $576M |
| Inventory | $0 |
| Other Current Assets | $336M |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $358M |
| Goodwill | $5.3B |
| Intangible Assets | $798M |
| Long-Term Investments | $684M |
| Tax Assets | $0 |
| Other Non-Current Assets | $319M |
| TOTAL NON-CURRENT ASSETS | $7.4B |
| TOTAL ASSETS | $12.3B |
| Account Payables | $121M |
| Short-Term Debt | $0 |
| Deferred Revenue | $137M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $788M |
| Long-Term Debt | $988M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $186.0K |
| Additional Paid-In Capital | $14.2B |
| Retained Earnings | -$3.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.3B |
| TOTAL LIABILITIES & EQUITY | $12.3B |
| Total Debt | $1.2B |
| Net Debt | $598M |
