| Metric | Q4 2022 | Q3 2022 | Q4 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $287M | $197M | 10.9% | 61.4% |
| Op. Income | -$83M | -$87M | -$67M | 4.7% | -22.5% |
| Gross Margin | 78.4% | 77.6% | 76.9% | 0.8pp | 1.5pp |
| Net Margin | -30.7% | -35.4% | -41.1% | 4.7pp | 10.4pp |
| EPS (Diluted) | $-0.69 | $-0.72 | $-0.59 | 4.2% | -16.9% |
| Free Cash Flow | $75M | $44M | $28M | 70.9% | 169.9% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $249M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $254M |
| Other Expenses | $0 |
| Operating Expenses | $332M |
| Cost & Expenses | $401M |
| OPERATING INCOME | -$83M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $40M |
| EBIT | -$81M |
| EBITDA | -$41M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $115M |
| Deferred Income Tax | -$41.0K |
| Other Non-Cash Items | $41M |
| Change in Working Capital | $32M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $380M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $291M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$202.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $75M |
| Net Change in Cash | $418M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $718M |
| Net Receivables | $400M |
| Inventory | $0 |
| Other Current Assets | $88M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $233M |
| Goodwill | $79M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $233M |
| TOTAL NON-CURRENT ASSETS | $576M |
| TOTAL ASSETS | $2.8B |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $924M |
| Other Current Liabilities | $112M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $969M |
| Deferred Revenue NC | $97M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $143.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$992M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $573M |
| Minority Interest | $0 |
| TOTAL EQUITY | $573M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.0B |
| Net Debt | $33M |
