| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $297M | $320M | $274M | -7.2% | 8.6% |
| Op. Income | -$198M | -$171M | -$149M | -15.5% | -32.5% |
| Gross Margin | 67.4% | 70.7% | 78.9% | -3.3pp | -11.5pp |
| Net Margin | -68.7% | -55.5% | -54.2% | -13.3pp | -14.5pp |
| EPS (Diluted) | $-0.69 | $-0.60 | $-0.53 | -15.0% | -30.2% |
| Free Cash Flow | -$58M | $86M | -$33M | -167.5% | -74.1% |
| Item | Amount |
|---|---|
| REVENUE | $297M |
| Cost of Revenue | $97M |
| GROSS PROFIT | $200M |
| R&D Expenses | $216M |
| Selling & Marketing | $101M |
| General & Administrative | $81M |
| SG&A Expenses | $182M |
| Other Expenses | $0 |
| Operating Expenses | $398M |
| Cost & Expenses | $495M |
| OPERATING INCOME | -$198M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$202M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$204M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$204M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$204M |
| D&A | $43M |
| EBIT | -$198M |
| EBITDA | -$155M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$204M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $118M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$68M |
| Sales/Maturities of Investments | $131M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $591M |
| Net Receivables | $322M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $112M |
| Goodwill | $1.7B |
| Intangible Assets | $758M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $154M |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $203M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $626M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $132M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.0B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $1.8B |
| Net Debt | $654M |
