| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $462M | $439M | $366M | 5.3% | 26.2% |
| Op. Income | -$24M | -$32M | -$7M | 27.2% | -255.9% |
| Gross Margin | 11.2% | 9.8% | 16.2% | 1.4pp | -5.0pp |
| Net Margin | -6.2% | -8.5% | -3.2% | 2.3pp | -3.0pp |
| EPS (Diluted) | $-0.15 | $-0.20 | $-0.06 | 25.0% | -150.0% |
| Free Cash Flow | $29M | $78M | $4M | -63.2% | 536.1% |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $411M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $5M |
| Operating Expenses | $75M |
| Cost & Expenses | $486M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $5M |
| EBIT | -$23M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$544.0K |
| Change in Working Capital | $45M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$53M |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $30.0K |
| NET CASH FROM FINANCING | $30.0K |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $395M |
| Short-Term Investments | $122M |
| Net Receivables | $89M |
| Inventory | $0 |
| Other Current Assets | $77M |
| TOTAL CURRENT ASSETS | $684M |
| PP&E (Net) | $54M |
| Goodwill | $35M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $784M |
| Account Payables | $228M |
| Short-Term Debt | $0 |
| Deferred Revenue | $147M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $161M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $171M |
| TOTAL LIABILITIES | $572M |
| Common Stock | $188.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$798M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $210M |
| Minority Interest | $1M |
| TOTAL EQUITY | $211M |
| TOTAL LIABILITIES & EQUITY | $784M |
| Total Debt | $171M |
| Net Debt | -$225M |
