The stock has recovered some of its value but is currently trading at around $43, a price lower than its initial public offering of $69.50. However, this prediction failed to come true as the stock price tumbled sharply to a low of $23 in May 2022. Roblox's stock price shot to a high of $141.60 in November 2021, and stock analysts predicted the price would go as high as $230 in the coming 12 months. Now that kids have returned to school and activities, users have had less time to engage on the platform. The company saw an explosion of daily active users and hours engaged as kids spent their entire day at home due to the pandemic. Roblox's initial public offering in March 2021 was a blessing and a curse. Total stockholder's equity was $551.5 million, with the total liabilities and stockholder's equity coming to $4.9 billion. In its earnings report, Roblox stated they expect to recognize $1.8 billion as revenue from bookings over the next 12 months. For the six months ending the second quarter, bookings are down 4%, from $1.3 billion to $1.2 billion. It places the unspent currency, or Robux, into its deferred revenue column, which for the second quarter totaled $639.9 million, down from $665.4 in the first quarter. Roblox does not consider its bookings, what it calls revenue, as income until a user redeems their in-game currency for purchases. Its accounts payable total $77.5 million, and its liabilities total $4.36 billion. The company states it has $3.1 billion in cash and cash equivalents, a total of $186.8 million in accounts receivable net of allowances, and a total of $4.9 billion in total assets. Roblox reported total costs and expenses of $761.4 million and a consolidated net loss of $178.7 million, with $170.2 million of that loss coming from operations. The company had revenue of $1.12 billion for the first 6 months of 2022, which increased from $841 million for the first 6 months of 2021. Its total revenue for the second quarter was $591.2 million, an increase from $454.1 million for the same quarter in 2021. Roblox's latest income statement (dated June 30, 2022) represents the second quarter of the 2022 fiscal year.
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