| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $435M | $483M | $535M | -9.9% | -18.7% |
| Op. Income | -$73M | -$51M | $32M | -43.1% | -328.1% |
| Gross Margin | 79.5% | 81.6% | 82.2% | -2.0pp | -2.7pp |
| Net Margin | -16.6% | -11.0% | -48.8% | -5.6pp | 32.2pp |
| EPS (Diluted) | $-0.30 | $-0.21 | $-1.03 | -42.9% | 70.9% |
| Free Cash Flow | $48M | $132M | -$250M | -63.6% | 119.2% |
| Item | Amount |
|---|---|
| REVENUE | $435M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $346M |
| R&D Expenses | $129M |
| Selling & Marketing | $162M |
| General & Administrative | $128M |
| SG&A Expenses | $290M |
| Other Expenses | $0 |
| Operating Expenses | $419M |
| Cost & Expenses | $508M |
| OPERATING INCOME | -$73M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$68M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $42M |
| EBIT | -$59M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $110M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $84M |
| Capital Expenditure | -$36M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$717M |
| Sales/Maturities of Investments | $347M |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$410M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | -$174M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$181M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | -$507M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.5B |
| Short-Term Investments | $1.9B |
| Net Receivables | $72M |
| Inventory | $0 |
| Other Current Assets | $169M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $397M |
| Goodwill | $2.4B |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $20M |
| Short-Term Debt | $37M |
| Deferred Revenue | $44M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $270M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $6.6B |
| Total Debt | $1.9B |
| Net Debt | $401M |
