| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $450M | $485M | $574M | -7.1% | -21.6% |
| Op. Income | $94M | $103M | $193M | -8.7% | -51.4% |
| Gross Margin | 78.8% | 78.4% | 83.9% | 0.5pp | -5.1pp |
| Net Margin | 6.3% | -13.9% | 14.1% | 20.2pp | -7.8pp |
| EPS (Diluted) | $0.12 | $-0.31 | $0.35 | 138.7% | -65.7% |
| Free Cash Flow | $31M | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $355M |
| R&D Expenses | $106M |
| Selling & Marketing | $116M |
| General & Administrative | $29M |
| SG&A Expenses | $144M |
| Other Expenses | $10M |
| Operating Expenses | $261M |
| Cost & Expenses | $356M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $0 |
| EBIT | $68M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $450M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $355M |
| R&D Expenses | $106M |
| Selling & Marketing | $116M |
| General & Administrative | $29M |
| SG&A Expenses | $144M |
| Other Expenses | $10M |
| Operating Expenses | $261M |
| Cost & Expenses | $356M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $0 |
| EBIT | $68M |
| EBITDA | $68M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$60M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $31M |
| 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 | $31M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.3B |
| Short-Term Investments | $681M |
| Net Receivables | $1.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.5B |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $261M |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $2.7B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $176M |
| Short-Term Debt | $899M |
| Deferred Revenue | $91M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $2.0B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.7B |
| Common Stock | $3.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $91M |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $2.4B |
| Net Debt | $102M |
