| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $147M | $160M | $304M | -8.4% | -51.8% |
| Op. Income | -$56M | -$56M | $59M | 0.9% | -194.0% |
| Gross Margin | 96.9% | 98.1% | 99.8% | -1.2pp | -2.9pp |
| Net Margin | -37.7% | -35.1% | 19.4% | -2.6pp | -57.0pp |
| EPS (Diluted) | $-0.67 | $-0.69 | $0.60 | 2.9% | -211.7% |
| Free Cash Flow | -$258M | -$107M | -$30M | -141.2% | -749.8% |
| Item | Amount |
|---|---|
| REVENUE | $147M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $142M |
| R&D Expenses | $0 |
| Selling & Marketing | $51M |
| General & Administrative | $91M |
| SG&A Expenses | $141M |
| Other Expenses | $57M |
| Operating Expenses | $198M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$56M |
| Interest Income | $39M |
| Interest Expense | $5M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$464.0K |
| Net Income from Continuing Ops | -$55M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$55M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$55M |
| D&A | $4M |
| EBIT | -$56M |
| EBITDA | -$52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$55M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $34M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$233M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$253M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$78M |
| NET CASH FROM INVESTING | -$85M |
| Net Debt Issuance | $67M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $41M |
| FREE CASH FLOW | -$258M |
| Net Change in Cash | -$297M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $432M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $502M |
| PP&E (Net) | $131M |
| Goodwill | $67M |
| Intangible Assets | $16M |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $19M |
| Short-Term Debt | $336M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $400M |
| Long-Term Debt | $650M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $112M |
| TOTAL NON-CURRENT LIABILITIES | $863M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $715M |
| Retained Earnings | -$42M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $672M |
| Minority Interest | $0 |
| TOTAL EQUITY | $672M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.1B |
| Net Debt | $655M |
