| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.0B | $983M | $843M | 4.2% | 21.6% |
| Op. Income | -$205M | -$270M | -$279M | 24.2% | 26.5% |
| Gross Margin | 45.8% | 46.5% | 45.0% | -0.7pp | 0.8pp |
| Net Margin | -22.4% | -49.1% | -34.6% | 26.7pp | 12.2pp |
| EPS (Diluted) | $-1.24 | $-2.63 | $-1.63 | 52.9% | 23.9% |
| Free Cash Flow | -$74M | -$147M | -$59M | 49.7% | -26.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.0B |
| Cost of Revenue | $555M |
| GROSS PROFIT | $470M |
| R&D Expenses | $274M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $401M |
| Other Expenses | $0 |
| Operating Expenses | $675M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | -$205M |
| Interest Income | $17M |
| Interest Expense | $0 |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$220M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | -$229M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$229M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$229M |
| D&A | $80M |
| EBIT | -$220M |
| EBITDA | -$140M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$229M |
| Depreciation & Amortization | $71M |
| Stock-Based Compensation | $192M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $68M |
| Change in Working Capital | -$161M |
| OPERATING CASH FLOW | -$58M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | -$288M |
| Sales/Maturities of Investments | $373M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $652M |
| Short-Term Investments | $3.5B |
| Net Receivables | $548M |
| Inventory | $0 |
| Other Current Assets | $282M |
| TOTAL CURRENT ASSETS | $5.0B |
| PP&E (Net) | $385M |
| Goodwill | $5.3B |
| Intangible Assets | $850M |
| Long-Term Investments | $700M |
| Tax Assets | $0 |
| Other Non-Current Assets | $361M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $12.6B |
| Account Payables | $125M |
| Short-Term Debt | $0 |
| Deferred Revenue | $139M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $808M |
| Long-Term Debt | $987M |
| 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 | $14.1B |
| Retained Earnings | -$3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$121M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $10.6B |
| TOTAL LIABILITIES & EQUITY | $12.6B |
| Total Debt | $1.2B |
| Net Debt | $588M |
