| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $145M | $179M | -6.9% | -24.7% |
| Op. Income | -$24M | -$27M | -$44M | 11.9% | 45.5% |
| Gross Margin | 61.3% | 63.0% | 48.7% | -1.7pp | 12.6pp |
| Net Margin | -19.1% | -20.1% | -23.4% | 1.1pp | 4.3pp |
| EPS (Diluted) | $-4.10 | $-4.72 | $-7.00 | 13.1% | 41.4% |
| Free Cash Flow | -$8M | -$11M | -$7M | 28.1% | -21.0% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $83M |
| R&D Expenses | $19M |
| Selling & Marketing | $76M |
| General & Administrative | $12M |
| SG&A Expenses | $88M |
| Other Expenses | -$107.0K |
| Operating Expenses | $107M |
| Cost & Expenses | $159M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$12.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $16M |
| EBIT | -$23M |
| EBITDA | -$7M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$312.0K |
| Common Stock Repurchased | -$31.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $384.0K |
| NET CASH FROM FINANCING | $41.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $43M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $159M |
| PP&E (Net) | $62M |
| Goodwill | $125M |
| Intangible Assets | $35M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $232M |
| TOTAL ASSETS | $391M |
| Account Payables | $13M |
| Short-Term Debt | $16M |
| Deferred Revenue | $107M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $191M |
| Long-Term Debt | $26M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $137.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $642M |
| Retained Earnings | -$474M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$333.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $167M |
| Minority Interest | $0 |
| TOTAL EQUITY | $167M |
| TOTAL LIABILITIES & EQUITY | $391M |
| Total Debt | $46M |
| Net Debt | -$12M |
