| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $320M | $316M | $235M | 1.3% | 36.4% |
| Op. Income | -$171M | -$145M | -$111M | -18.2% | -54.3% |
| Gross Margin | 70.7% | 76.7% | 75.0% | -6.0pp | -4.3pp |
| Net Margin | -55.5% | -51.2% | -45.8% | -4.3pp | -9.7pp |
| EPS (Diluted) | $-0.60 | $-0.56 | $-0.39 | -7.1% | -53.8% |
| Free Cash Flow | $86M | -$53M | -$101M | 261.5% | 185.8% |
| Item | Amount |
|---|---|
| REVENUE | $320M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $226M |
| R&D Expenses | $221M |
| Selling & Marketing | $104M |
| General & Administrative | $72M |
| SG&A Expenses | $176M |
| Other Expenses | $0 |
| Operating Expenses | $397M |
| Cost & Expenses | $491M |
| OPERATING INCOME | -$171M |
| Interest Income | $941.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$170.0K |
| INCOME BEFORE TAX | -$171M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$178M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$178M |
| D&A | $41M |
| EBIT | -$170M |
| EBITDA | -$129M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$178M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $131M |
| OPERATING CASH FLOW | $101M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$24M |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $101M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30M |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | $86M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $657M |
| Net Receivables | $333M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $212M |
| Goodwill | $1.7B |
| Intangible Assets | $789M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $64M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $200M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $630M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $146M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.8B |
| Net Debt | $673M |
