| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $223M | $218M | $189M | 2.0% | 17.7% |
| Op. Income | -$25M | -$29M | -$22M | 12.9% | -16.0% |
| Gross Margin | 53.2% | 52.0% | 53.4% | 1.1pp | -0.2pp |
| Net Margin | -9.8% | -12.5% | -12.5% | 2.7pp | 2.7pp |
| EPS (Diluted) | $-0.30 | $-0.38 | $-0.34 | 21.1% | 11.8% |
| Free Cash Flow | $13M | $22M | -$25M | -38.3% | 153.1% |
| Item | Amount |
|---|---|
| REVENUE | $223M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $119M |
| R&D Expenses | $39M |
| Selling & Marketing | $74M |
| General & Administrative | $30M |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $248M |
| OPERATING INCOME | -$25M |
| Interest Income | $6M |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $753.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $28M |
| EBIT | -$19M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $53M |
| Deferred Income Tax | $191.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | $22M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$197M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$169.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $88M |
| NET CASH FROM FINANCING | $88M |
| FREE CASH FLOW | $13M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $464M |
| Net Receivables | $91M |
| Inventory | $0 |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $841M |
| PP&E (Net) | $145M |
| Goodwill | $165M |
| Intangible Assets | $23M |
| Long-Term Investments | $87M |
| Tax Assets | $4M |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $562M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $58M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $740M |
| Deferred Revenue NC | $775.0K |
| Deferred Tax Liabilities | $289.0K |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $786M |
| TOTAL LIABILITIES | $944M |
| Common Stock | $72.0K |
| Additional Paid-In Capital | $832M |
| Retained Earnings | -$372M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $459M |
| Minority Interest | $0 |
| TOTAL EQUITY | $459M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $794M |
| Net Debt | $599M |
