| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | $173M | — | 8.6% | — |
| Op. Income | -$39M | -$45M | — | 12.9% | — |
| Gross Margin | 32.2% | 30.8% | — | 1.4pp | — |
| Net Margin | -35.4% | -55.9% | — | 20.5pp | — |
| EPS (Diluted) | $-1.62 | $-2.46 | — | 34.1% | — |
| Free Cash Flow | -$162M | -$175M | — | 7.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $61M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $227M |
| OPERATING INCOME | -$39M |
| Interest Income | $3M |
| Interest Expense | $5M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $400.0K |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $30M |
| EBIT | -$39M |
| EBITDA | -$9M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $300.0K |
| Other Non-Cash Items | $20M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$134M |
| Acquisitions (Net) | $125M |
| Purchases of Investments | -$378M |
| Sales/Maturities of Investments | $62M |
| Other Investing Activities | $33M |
| NET CASH FROM INVESTING | -$295M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $641M |
| NET CASH FROM FINANCING | $623M |
| FREE CASH FLOW | -$162M |
| Net Change in Cash | $301M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $486M |
| Short-Term Investments | $800M |
| Net Receivables | $290M |
| Inventory | $223M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $1.4B |
| Goodwill | $359M |
| Intangible Assets | $128M |
| Long-Term Investments | $3M |
| Tax Assets | $900.0K |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $54M |
| Short-Term Debt | $5M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $144M |
| TOTAL CURRENT LIABILITIES | $323M |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $4.2B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$18M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.0B |
| Net Debt | $552M |
