| Metric | Q1 2022 | Q4 2021 | Q1 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $197M | $143M | 17.0% | 61.7% |
| Op. Income | -$74M | -$67M | -$42M | -10.3% | -76.0% |
| Gross Margin | 77.3% | 76.9% | 77.7% | 0.4pp | -0.4pp |
| Net Margin | -39.4% | -41.1% | -38.6% | 1.7pp | -0.8pp |
| EPS (Diluted) | $-0.65 | $-0.59 | $-0.41 | -10.2% | -58.5% |
| Free Cash Flow | $83M | $28M | $42M | 201.0% | 97.4% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $178M |
| R&D Expenses | $65M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $0 |
| Operating Expenses | $253M |
| Cost & Expenses | $305M |
| OPERATING INCOME | -$74M |
| Interest Income | $473.0K |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $17M |
| EBIT | -$74M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $90M |
| Deferred Income Tax | -$223.0K |
| Other Non-Cash Items | $37M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $93M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$50.0K |
| Purchases of Investments | -$313M |
| Sales/Maturities of Investments | $323M |
| Other Investing Activities | $50.0K |
| NET CASH FROM INVESTING | -$67.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $83M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $372M |
| Short-Term Investments | $1.2B |
| Net Receivables | $172M |
| Inventory | $0 |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $1.9B |
| PP&E (Net) | $157M |
| Goodwill | $59M |
| Intangible Assets | $30M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $170M |
| TOTAL NON-CURRENT ASSETS | $416M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $584M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $715M |
| Long-Term Debt | $927M |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $140.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$692M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $530M |
| Minority Interest | $0 |
| TOTAL EQUITY | $530M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $978M |
| Net Debt | $606M |
