| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $168M | $168M | $175M | 0.0% | -4.0% |
| Op. Income | -$47M | -$177M | -$141M | 73.4% | 66.7% |
| Gross Margin | 63.1% | 61.9% | 64.0% | 1.2pp | -0.9pp |
| Net Margin | -32.1% | -107.7% | -82.3% | 75.6pp | 50.1pp |
| EPS (Diluted) | $-0.08 | $-0.28 | $-0.25 | 69.8% | 66.2% |
| Free Cash Flow | -$35M | -$51M | $5M | 31.4% | -800.0% |
| Item | Amount |
|---|---|
| REVENUE | $168M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $106M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | $13M |
| Operating Expenses | $153M |
| Cost & Expenses | $215M |
| OPERATING INCOME | -$47M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$49M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $8M |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $28M |
| EBIT | -$59M |
| EBITDA | -$31M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$111M |
| Sales/Maturities of Investments | $169M |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | $64M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | $39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $431M |
| Short-Term Investments | $212M |
| Net Receivables | $124M |
| Inventory | $0 |
| Other Current Assets | $173M |
| TOTAL CURRENT ASSETS | $940M |
| PP&E (Net) | $67M |
| Goodwill | $837M |
| Intangible Assets | $473M |
| Long-Term Investments | $29M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $179M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $516M |
| Long-Term Debt | $449M |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $535M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $528M |
| Net Debt | $97M |
