| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $450M | $607M | 0.8% | -25.3% |
| Op. Income | $123M | $94M | $213M | 31.2% | -42.2% |
| Gross Margin | 79.2% | 78.8% | 83.0% | 0.4pp | -3.9pp |
| Net Margin | -3.8% | 6.3% | 29.9% | -10.1pp | -33.7pp |
| EPS (Diluted) | $-0.07 | $0.12 | $0.78 | -159.8% | -109.2% |
| Free Cash Flow | $55M | $31M | $0 | 75.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $359M |
| R&D Expenses | $97M |
| Selling & Marketing | $114M |
| General & Administrative | $25M |
| SG&A Expenses | $139M |
| Other Expenses | $0 |
| Operating Expenses | $236M |
| Cost & Expenses | $330M |
| OPERATING INCOME | $123M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$120M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $0 |
| EBIT | $123M |
| EBITDA | $123M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $55M |
| 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 | $55M |
| Net Change in Cash | $422M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.8B |
| Short-Term Investments | $201M |
| Net Receivables | $975M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $242M |
| Long-Term Investments | $989M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $6.8B |
| Account Payables | $159M |
| Short-Term Debt | $900M |
| Deferred Revenue | $87M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.9B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $119M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $3.2B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $90M |
| TOTAL EQUITY | $3.3B |
| TOTAL LIABILITIES & EQUITY | $6.8B |
| Total Debt | $2.4B |
| Net Debt | -$319M |
