| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $77M | — | 11.1% | — |
| Op. Income | -$35M | -$40M | — | 11.5% | — |
| Gross Margin | 68.2% | 66.6% | — | 1.7pp | — |
| Net Margin | -38.8% | -51.1% | — | 12.3pp | — |
| EPS (Diluted) | $-0.35 | $-0.42 | — | 16.7% | — |
| Free Cash Flow | -$25M | $16M | — | -257.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $59M |
| R&D Expenses | $23M |
| Selling & Marketing | $50M |
| General & Administrative | $21M |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$35M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $35.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$33M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$33M |
| D&A | $900.0K |
| EBIT | -$35M |
| EBITDA | -$34M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$33M |
| Depreciation & Amortization | $935.0K |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | -$40.0K |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$122M |
| Sales/Maturities of Investments | $135M |
| Other Investing Activities | $12M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$25M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $426M |
| Net Receivables | $48M |
| Inventory | $23M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $581M |
| PP&E (Net) | $68M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $121M |
| TOTAL ASSETS | $702M |
| Account Payables | $3M |
| Short-Term Debt | $11M |
| Deferred Revenue | $136M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$44M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $229M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $761M |
| Retained Earnings | -$287M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $471M |
| Minority Interest | $2M |
| TOTAL EQUITY | $473M |
| TOTAL LIABILITIES & EQUITY | $702M |
| Total Debt | $55M |
| Net Debt | -$26M |
