| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $740M | $669M | $448M | 10.7% | 65.2% |
| Op. Income | -$228M | -$201M | -$112M | -13.7% | -103.3% |
| Gross Margin | 46.3% | 46.7% | 49.8% | -0.4pp | -3.5pp |
| Net Margin | -30.3% | -34.1% | -26.1% | 3.8pp | -4.2pp |
| EPS (Diluted) | $-1.26 | $-1.31 | $-0.79 | 3.8% | -59.5% |
| Free Cash Flow | -$82M | $3M | -$11M | -2686.9% | -637.6% |
| Item | Amount |
|---|---|
| REVENUE | $740M |
| Cost of Revenue | $397M |
| GROSS PROFIT | $343M |
| R&D Expenses | $209M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $362M |
| Other Expenses | $0 |
| Operating Expenses | $571M |
| Cost & Expenses | $968M |
| OPERATING INCOME | -$228M |
| Interest Income | $16M |
| Interest Expense | $20M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$239M |
| Income Tax Expense | -$15M |
| Net Income from Continuing Ops | -$224M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$224M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$224M |
| D&A | $83M |
| EBIT | -$219M |
| EBITDA | -$136M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$224M |
| Depreciation & Amortization | $70M |
| Stock-Based Compensation | $164M |
| Deferred Income Tax | -$840.0K |
| Other Non-Cash Items | $38M |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | -$46M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | -$397M |
| Purchases of Investments | -$418M |
| Sales/Maturities of Investments | $580M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$270M |
| Net Debt Issuance | -$945.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$534.0K |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | -$82M |
| Net Change in Cash | -$302M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $3.9B |
| Net Receivables | $346M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $5.9B |
| PP&E (Net) | $486M |
| Goodwill | $5.3B |
| Intangible Assets | $1.1B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $220M |
| TOTAL NON-CURRENT ASSETS | $7.1B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $76M |
| Short-Term Debt | $0 |
| Deferred Revenue | $121M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $617M |
| Long-Term Debt | $986M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $20M |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $178.0K |
| Additional Paid-In Capital | $12.9B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$405.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $11.1B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $1.3B |
| Net Debt | -$208M |
