| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $469M | $435M | $536M | 7.8% | -12.5% |
| Op. Income | -$45M | -$73M | $408M | 38.4% | -111.0% |
| Gross Margin | 80.4% | 79.5% | 82.8% | 0.8pp | -2.5pp |
| Net Margin | -4.7% | -16.6% | 3.0% | 11.9pp | -7.7pp |
| EPS (Diluted) | $-0.09 | $-0.30 | $0.06 | 68.7% | -247.7% |
| Free Cash Flow | $53M | $48M | $3.4B | 10.4% | -98.4% |
| Item | Amount |
|---|---|
| REVENUE | $469M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $377M |
| R&D Expenses | $137M |
| Selling & Marketing | $156M |
| General & Administrative | $123M |
| SG&A Expenses | $279M |
| Other Expenses | $6M |
| Operating Expenses | $422M |
| Cost & Expenses | $514M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | $23M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $46M |
| EBIT | -$13M |
| EBITDA | $33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $46M |
| Stock-Based Compensation | $103M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$490M |
| Sales/Maturities of Investments | $433M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$97M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$86M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | $53M |
| Net Change in Cash | -$72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.4B |
| Short-Term Investments | $2.0B |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | $202M |
| TOTAL CURRENT ASSETS | $3.6B |
| PP&E (Net) | $404M |
| Goodwill | $2.4B |
| Intangible Assets | $154M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $6.6B |
| Account Payables | $21M |
| Short-Term Debt | $42M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $287M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $0 |
| Additional Paid-In Capital | $6.2B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| 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 | $471M |
