| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $189M | $174M | $139M | 8.6% | 35.8% |
| Op. Income | -$119M | -$166M | -$117M | 28.1% | -1.8% |
| Gross Margin | 69.4% | 66.6% | 64.5% | 2.8pp | 4.9pp |
| Net Margin | -54.6% | -87.5% | -84.4% | 32.9pp | 29.7pp |
| EPS (Diluted) | $-0.35 | $-0.52 | $-0.42 | 32.7% | 16.7% |
| Free Cash Flow | -$35M | -$83M | -$38M | 57.5% | 6.6% |
| Item | Amount |
|---|---|
| REVENUE | $189M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $131M |
| R&D Expenses | $86M |
| Selling & Marketing | $128M |
| General & Administrative | $36M |
| SG&A Expenses | $164M |
| Other Expenses | $943.0K |
| Operating Expenses | $251M |
| Cost & Expenses | $309M |
| OPERATING INCOME | -$119M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | -$102M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$103M |
| D&A | $3M |
| EBIT | -$118M |
| EBITDA | -$115M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$103M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $92M |
| Deferred Income Tax | $5.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$546M |
| Sales/Maturities of Investments | $524M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $313M |
| Short-Term Investments | $1.5B |
| Net Receivables | $189M |
| Inventory | $0 |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $2.1B |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $87M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $301M |
| Other Current Liabilities | $75M |
| TOTAL CURRENT LIABILITIES | $423M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $761M |
| Minority Interest | $0 |
| TOTAL EQUITY | $761M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $803M |
