| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $8M | 11.3% | 12.7% |
| Op. Income | -$11M | -$15M | -$15M | 23.7% | 24.6% |
| Gross Margin | 68.6% | 68.0% | 51.6% | 0.6pp | 17.0pp |
| Net Margin | -121.7% | -179.0% | -189.0% | 57.3pp | 67.3pp |
| EPS (Diluted) | $-0.53 | $-0.70 | $-0.75 | 24.3% | 29.3% |
| Free Cash Flow | -$8M | -$9M | -$14M | 11.3% | 44.6% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $6M |
| R&D Expenses | $6M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $2M |
| Operating Expenses | $17M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$11M |
| Interest Income | $439.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $647.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$11M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $250.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$156.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$86.0K |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $10.0K |
| Common Stock Repurchased | -$624.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$614.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $8M |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $51M |
| PP&E (Net) | $6M |
| Goodwill | $9M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $98M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $629.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $355.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $372M |
| Retained Earnings | -$290M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $79M |
| Minority Interest | $0 |
| TOTAL EQUITY | $79M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $6M |
| Net Debt | -$21M |
