| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $256M | $176M | 12.2% | 62.6% |
| Op. Income | -$87M | -$84M | -$44M | -3.2% | -97.5% |
| Gross Margin | 77.6% | 77.3% | 77.9% | 0.3pp | -0.3pp |
| Net Margin | -35.4% | -39.3% | -33.1% | 3.9pp | -2.2pp |
| EPS (Diluted) | $-0.72 | $-0.71 | $-0.43 | -1.4% | -67.4% |
| Free Cash Flow | $44M | $29M | $56M | 48.5% | -21.6% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $223M |
| R&D Expenses | $76M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $233M |
| Other Expenses | $0 |
| Operating Expenses | $309M |
| Cost & Expenses | $373M |
| OPERATING INCOME | -$87M |
| Interest Income | $949.0K |
| Interest Expense | $14M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | -$490.0K |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $37M |
| EBIT | -$88M |
| EBITDA | -$51M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $138.0K |
| Other Non-Cash Items | $40M |
| Change in Working Capital | $20M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | -$330.0K |
| Purchases of Investments | -$186M |
| Sales/Maturities of Investments | $326M |
| Other Investing Activities | $330.0K |
| NET CASH FROM INVESTING | $107M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $595M |
| Short-Term Investments | $1.1B |
| Net Receivables | $272M |
| Inventory | $0 |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $187M |
| Goodwill | $60M |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $204M |
| TOTAL NON-CURRENT ASSETS | $477M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $732M |
| Other Current Liabilities | $103M |
| TOTAL CURRENT LIABILITIES | $913M |
| Long-Term Debt | $955M |
| Deferred Revenue NC | $87M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $142.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$894M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $532M |
| Minority Interest | $0 |
| TOTAL EQUITY | $532M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.0B |
| Net Debt | $410M |
