| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $622M | $602M | $522M | 3.3% | 19.3% |
| Op. Income | -$77M | -$77M | -$160M | 0.2% | 51.8% |
| Gross Margin | 74.8% | 74.0% | 72.3% | 0.8pp | 2.5pp |
| Net Margin | -13.0% | -12.3% | -31.8% | -0.7pp | 18.8pp |
| EPS (Diluted) | $-0.45 | $-0.42 | $-0.94 | -7.1% | 52.1% |
| Free Cash Flow | $66M | -$68M | -$124M | 197.2% | 152.9% |
| Item | Amount |
|---|---|
| REVENUE | $622M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $465M |
| R&D Expenses | $104M |
| Selling & Marketing | $50M |
| General & Administrative | $365M |
| SG&A Expenses | $415M |
| Other Expenses | $23M |
| Operating Expenses | $542M |
| Cost & Expenses | $699M |
| OPERATING INCOME | -$77M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$80M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$81M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$81M |
| D&A | $50M |
| EBIT | -$76M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$81M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | -$589.0K |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $149M |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $16M |
| FREE CASH FLOW | $66M |
| Net Change in Cash | $183M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $604M |
| Short-Term Investments | $171M |
| Net Receivables | $178M |
| Inventory | $131M |
| Other Current Assets | $89M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $835M |
| Goodwill | $2.3B |
| Intangible Assets | $1.9B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $75M |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $488M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $331M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $6.5B |
| Retained Earnings | -$3.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$723.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $2.6B |
| Net Debt | $2.0B |
