| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $110M | $147M | $311M | -25.0% | -64.6% |
| Op. Income | -$129M | -$56M | $33M | -131.9% | -495.1% |
| Gross Margin | 93.5% | 96.9% | 99.7% | -3.4pp | -6.2pp |
| Net Margin | -117.4% | -37.7% | 10.5% | -79.8pp | -127.9pp |
| EPS (Diluted) | $-1.58 | $-0.67 | $0.34 | -135.8% | -564.7% |
| Free Cash Flow | -$81M | -$258M | -$272M | 68.5% | 70.2% |
| Item | Amount |
|---|---|
| REVENUE | $110M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $103M |
| R&D Expenses | $0 |
| Selling & Marketing | $31M |
| General & Administrative | $93M |
| SG&A Expenses | $125M |
| Other Expenses | $107M |
| Operating Expenses | $232M |
| Cost & Expenses | $239M |
| OPERATING INCOME | -$129M |
| Interest Income | $45M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$129M |
| Income Tax Expense | $16.0K |
| Net Income from Continuing Ops | -$129M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$129M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$129M |
| D&A | $6M |
| EBIT | -$129M |
| EBITDA | -$123M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$129M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $74M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$80M |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$81M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $397M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $467M |
| PP&E (Net) | $130M |
| Goodwill | $67M |
| Intangible Assets | $15M |
| Long-Term Investments | $1.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $7M |
| Short-Term Debt | $350M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $389M |
| Long-Term Debt | $651M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $805M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $799M |
| Retained Earnings | -$172M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $627M |
| Minority Interest | $0 |
| TOTAL EQUITY | $627M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.1B |
| Net Debt | $703M |
