| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $60M | $51M | 9.6% | 30.1% |
| Op. Income | -$18M | -$17M | -$19M | -6.6% | 3.8% |
| Gross Margin | 53.9% | 53.6% | 54.0% | 0.4pp | -0.0pp |
| Net Margin | -27.0% | -28.3% | -40.0% | 1.3pp | 13.0pp |
| EPS (Diluted) | $-0.19 | $-0.18 | $-0.22 | -5.6% | 13.6% |
| Free Cash Flow | -$6M | -$10M | -$11M | 36.6% | 45.2% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $35M |
| R&D Expenses | $21M |
| Selling & Marketing | $14M |
| General & Administrative | $18M |
| SG&A Expenses | $32M |
| Other Expenses | $391.0K |
| Operating Expenses | $53M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $88.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $3M |
| EBIT | -$16M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $38.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$188.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $86M |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $226M |
| PP&E (Net) | $29M |
| Goodwill | $148M |
| Intangible Assets | $39M |
| Long-Term Investments | $25M |
| Tax Assets | $2M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $247M |
| TOTAL ASSETS | $473M |
| Account Payables | $1M |
| Short-Term Debt | $8M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $93M |
| Deferred Revenue NC | $14M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | -$15M |
| TOTAL NON-CURRENT LIABILITIES | $109M |
| TOTAL LIABILITIES | $150M |
| Common Stock | $94.0K |
| Additional Paid-In Capital | $730M |
| Retained Earnings | -$407M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $323M |
| Minority Interest | $0 |
| TOTAL EQUITY | $323M |
| TOTAL LIABILITIES & EQUITY | $473M |
| Total Debt | $119M |
| Net Debt | $29M |
