| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $485M | $616M | $459M | -21.4% | 5.6% |
| Op. Income | $103M | $183M | $109M | -43.7% | -5.3% |
| Gross Margin | 78.4% | 79.1% | 82.6% | -0.8pp | -4.2pp |
| Net Margin | -13.9% | 18.8% | 10.9% | -32.7pp | -24.8pp |
| EPS (Diluted) | $-0.31 | $0.50 | $0.22 | -162.0% | -240.9% |
| Free Cash Flow | $0 | $238M | $0 | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $485M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $380M |
| R&D Expenses | $112M |
| Selling & Marketing | $125M |
| General & Administrative | $39M |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $277M |
| Cost & Expenses | $382M |
| OPERATING INCOME | $103M |
| Interest Income | $14M |
| Interest Expense | $0 |
| Other Income/Expenses | -$164M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $0 |
| EBIT | $103M |
| EBITDA | $103M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $793M |
| Net Receivables | $1.1B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.9B |
| PP&E (Net) | $66M |
| Goodwill | $0 |
| Intangible Assets | $292M |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $2.6B |
| TOTAL ASSETS | $7.5B |
| Account Payables | $197M |
| Short-Term Debt | $898M |
| Deferred Revenue | $95M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $3.6B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.6B |
| Minority Interest | $96M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $2.4B |
| Net Debt | -$65M |
