| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $24M | $0 | 37.5% | — |
| Op. Income | -$43M | -$87M | -$3M | 50.7% | -1529.1% |
| Gross Margin | -13.5% | -102.5% | — | 88.9pp | — |
| Net Margin | -132.8% | -363.7% | — | 230.8pp | — |
| EPS (Diluted) | $-0.06 | $-0.11 | $0.00 | 48.5% | -2462.5% |
| Free Cash Flow | $18M | -$166M | -$66.0K | 110.8% | 27308.2% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $38M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $13M |
| SG&A Expenses | $16M |
| Other Expenses | $23M |
| Operating Expenses | $38M |
| Cost & Expenses | $76M |
| OPERATING INCOME | -$43M |
| Interest Income | $3M |
| Interest Expense | $4M |
| Other Income/Expenses | -$699.0K |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $456.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $11M |
| EBIT | -$40M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$10M |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | -$98M |
| Common Stock Repurchased | -$120.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$116M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $33M |
| Net Receivables | $337M |
| Inventory | $69M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $546M |
| PP&E (Net) | $44M |
| Goodwill | $33M |
| Intangible Assets | $53M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $251M |
| TOTAL NON-CURRENT ASSETS | $381M |
| TOTAL ASSETS | $927M |
| Account Payables | $108M |
| Short-Term Debt | $146M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $271M |
| Long-Term Debt | $904M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $952M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $586M |
| TOTAL STOCKHOLDERS' EQUITY | -$296M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$296M |
| TOTAL LIABILITIES & EQUITY | $927M |
| Total Debt | $1.1B |
| Net Debt | $941M |
