| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $187M | $188M | $152M | -0.1% | 23.6% |
| Op. Income | -$25M | -$27M | -$37M | 6.6% | 32.7% |
| Gross Margin | 66.9% | 64.5% | 60.8% | 2.4pp | 6.1pp |
| Net Margin | -6.2% | -13.9% | -27.9% | 7.7pp | 21.7pp |
| EPS (Diluted) | $-0.10 | $-0.22 | $-0.38 | 54.5% | 73.7% |
| Free Cash Flow | $13M | $3M | -$1M | 406.3% | 995.5% |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $125M |
| R&D Expenses | $36M |
| Selling & Marketing | $80M |
| General & Administrative | $34M |
| SG&A Expenses | $114M |
| Other Expenses | $0 |
| Operating Expenses | $150M |
| Cost & Expenses | $212M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | $14M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $599.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $14M |
| EBIT | -$5M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$891.0K |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$874.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | -$60M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $30M |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $74M |
| TOTAL CURRENT ASSETS | $264M |
| PP&E (Net) | $123M |
| Goodwill | $262M |
| Intangible Assets | $117M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $592M |
| TOTAL ASSETS | $856M |
| Account Payables | $44M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $169M |
| Long-Term Debt | $517M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $602M |
| TOTAL LIABILITIES | $771M |
| Common Stock | $111.0K |
| Additional Paid-In Capital | $867M |
| Retained Earnings | -$757M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$25M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $85M |
| Minority Interest | $0 |
| TOTAL EQUITY | $85M |
| TOTAL LIABILITIES & EQUITY | $856M |
| Total Debt | $598M |
| Net Debt | $497M |
