| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $323M | $297M | $286M | 8.7% | 12.8% |
| Op. Income | -$240M | -$198M | -$127M | -21.2% | -89.1% |
| Gross Margin | 65.3% | 67.4% | 77.8% | -2.1pp | -12.5pp |
| Net Margin | -77.4% | -68.7% | -40.2% | -8.7pp | -37.2pp |
| EPS (Diluted) | $-0.84 | $-0.69 | $-0.41 | -21.7% | -104.9% |
| Free Cash Flow | -$81M | -$58M | $34M | -38.6% | -336.1% |
| Item | Amount |
|---|---|
| REVENUE | $323M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $211M |
| R&D Expenses | $248M |
| Selling & Marketing | $110M |
| General & Administrative | $93M |
| SG&A Expenses | $202M |
| Other Expenses | $0 |
| Operating Expenses | $451M |
| Cost & Expenses | $563M |
| OPERATING INCOME | -$240M |
| Interest Income | $2M |
| Interest Expense | $1M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$239M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | -$250M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$250M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$250M |
| D&A | $43M |
| EBIT | -$237M |
| EBITDA | -$194M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$250M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $154M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$69M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$193.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $143M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $131M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $19M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$81M |
| Net Change in Cash | $77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $447M |
| Net Receivables | $316M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $112M |
| Goodwill | $1.7B |
| Intangible Assets | $725M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $148M |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $4.7B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $203M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $612M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $118M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$2.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.2B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $1.8B |
| Net Debt | $572M |
