| Metric | Q4 2021 | Q3 2021 | Q4 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $197M | $176M | $126M | 11.7% | 56.5% |
| Op. Income | -$67M | -$44M | -$45M | -53.7% | -50.2% |
| Gross Margin | 76.9% | 77.9% | 75.1% | -1.0pp | 1.8pp |
| Net Margin | -41.1% | -33.1% | -39.4% | -8.0pp | -1.8pp |
| EPS (Diluted) | $-0.59 | $-0.43 | $-0.38 | -37.2% | -55.3% |
| Free Cash Flow | $28M | $56M | $11M | -50.3% | 153.8% |
| Item | Amount |
|---|---|
| REVENUE | $197M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $151M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $163M |
| Other Expenses | $0 |
| Operating Expenses | $219M |
| Cost & Expenses | $264M |
| OPERATING INCOME | -$67M |
| Interest Income | $524.0K |
| Interest Expense | $14M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $845.0K |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $28M |
| EBIT | -$67M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $80M |
| Deferred Income Tax | -$904.0K |
| Other Non-Cash Items | $35M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$94M |
| Sales/Maturities of Investments | $222M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $103M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $276M |
| Short-Term Investments | $1.2B |
| Net Receivables | $257M |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $153M |
| Goodwill | $59M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $165M |
| TOTAL NON-CURRENT ASSETS | $409M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $571M |
| Other Current Liabilities | $94M |
| TOTAL CURRENT LIABILITIES | $720M |
| Long-Term Debt | $914M |
| Deferred Revenue NC | $59M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $139.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$602M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$650.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $529M |
| Minority Interest | $0 |
| TOTAL EQUITY | $529M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $965M |
| Net Debt | $689M |
