| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $356M | $318M | $231M | 11.8% | 54.2% |
| Op. Income | -$64M | -$83M | -$74M | 22.0% | 13.4% |
| Gross Margin | 78.5% | 78.4% | 77.3% | 0.0pp | 1.2pp |
| Net Margin | -19.2% | -30.7% | -39.4% | 11.5pp | 20.2pp |
| EPS (Diluted) | $-0.48 | $-0.69 | $-0.65 | 30.4% | 26.2% |
| Free Cash Flow | $96M | $75M | $83M | 27.9% | 14.7% |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $279M |
| R&D Expenses | $74M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $269M |
| Other Expenses | $0 |
| Operating Expenses | $343M |
| Cost & Expenses | $420M |
| OPERATING INCOME | -$64M |
| Interest Income | $8M |
| Interest Expense | $1M |
| Other Income/Expenses | $958.0K |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$68M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$68M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$68M |
| D&A | $22M |
| EBIT | -$62M |
| EBITDA | -$41M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$68M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $105M |
| Deferred Income Tax | $65.0K |
| Other Non-Cash Items | $30M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $128M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $33M |
| Purchases of Investments | -$211M |
| Sales/Maturities of Investments | $186M |
| Other Investing Activities | -$33M |
| NET CASH FROM INVESTING | -$58M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2.0K |
| NET CASH FROM FINANCING | $980.0K |
| FREE CASH FLOW | $96M |
| Net Change in Cash | $72M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $740M |
| Net Receivables | $269M |
| Inventory | $0 |
| Other Current Assets | $93M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $260M |
| Goodwill | $79M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $235M |
| TOTAL NON-CURRENT ASSETS | $602M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $30M |
| Short-Term Debt | $0 |
| Deferred Revenue | $913M |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $93M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $144.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$956M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $431M |
| Minority Interest | $0 |
| TOTAL EQUITY | $431M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.2B |
| Net Debt | $134M |
