| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $66M | $58M | 1.9% | 16.6% |
| Op. Income | -$23M | -$29M | -$25M | 22.2% | 7.7% |
| Gross Margin | 74.6% | 71.1% | 70.7% | 3.5pp | 4.0pp |
| Net Margin | -41.0% | -39.6% | -42.3% | -1.4pp | 1.3pp |
| EPS (Diluted) | $-0.24 | $-0.23 | $-0.22 | -4.3% | -9.1% |
| Free Cash Flow | $19M | -$6M | $8M | 430.8% | 136.7% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $51M |
| R&D Expenses | $22M |
| Selling & Marketing | $38M |
| General & Administrative | $13M |
| SG&A Expenses | $51M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$23M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $178.0K |
| 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 | $1M |
| EBIT | -$23M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $666.0K |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$425.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $291.0K |
| NET CASH FROM FINANCING | $990.0K |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $234M |
| Short-Term Investments | $56M |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $353M |
| PP&E (Net) | $18M |
| Goodwill | $4M |
| Intangible Assets | $1M |
| Long-Term Investments | $28M |
| Tax Assets | $26M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $82M |
| TOTAL ASSETS | $435M |
| Account Payables | $809.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $113M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $617M |
| Retained Earnings | -$327M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$864.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $435M |
| Total Debt | $9M |
| Net Debt | -$225M |
