| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $260M | $230M | $156M | 13.1% | 66.2% |
| Op. Income | -$112M | -$88M | -$76M | -28.2% | -47.8% |
| Gross Margin | 81.7% | 80.4% | 78.0% | 1.4pp | 3.7pp |
| Net Margin | -36.6% | -35.5% | -51.4% | -1.1pp | 14.8pp |
| EPS (Diluted) | $-0.90 | $-0.78 | $-0.78 | -15.4% | -15.4% |
| Free Cash Flow | $48M | $12M | -$16M | 297.1% | 396.7% |
| Item | Amount |
|---|---|
| REVENUE | $260M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $213M |
| R&D Expenses | $79M |
| Selling & Marketing | $165M |
| General & Administrative | $69M |
| SG&A Expenses | $234M |
| Other Expenses | $12M |
| Operating Expenses | $325M |
| Cost & Expenses | $372M |
| OPERATING INCOME | -$112M |
| Interest Income | $21M |
| Interest Expense | $4M |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | -$95M |
| Income Tax Expense | -$365.0K |
| Net Income from Continuing Ops | -$95M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$95M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$95M |
| D&A | $26M |
| EBIT | -$92M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$95M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $119M |
| Deferred Income Tax | -$527.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$29M |
| Purchases of Investments | -$781M |
| Sales/Maturities of Investments | $850M |
| Other Investing Activities | $344.0K |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $38M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $352M |
| NET CASH FROM FINANCING | $389M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $483M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $1.1B |
| Net Receivables | $412M |
| Inventory | $0 |
| Other Current Assets | $3.5B |
| TOTAL CURRENT ASSETS | $6.7B |
| PP&E (Net) | $142M |
| Goodwill | $2.4B |
| Intangible Assets | $402M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $3.0B |
| TOTAL ASSETS | $9.7B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3.5B |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $3.7B |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $5.7B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $4.8B |
| Retained Earnings | -$722M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.1B |
| TOTAL LIABILITIES & EQUITY | $9.7B |
| Total Debt | $1.9B |
| Net Debt | $275M |
