| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $118M | $103M | 4.5% | 19.8% |
| Op. Income | -$50M | -$47M | -$69M | -5.4% | 27.8% |
| Gross Margin | 52.3% | 51.3% | 44.9% | 1.0pp | 7.4pp |
| Net Margin | -8.7% | -38.0% | -16.0% | 29.3pp | 7.3pp |
| EPS (Diluted) | $-0.08 | $-0.36 | $-0.14 | 76.8% | 40.2% |
| Free Cash Flow | $14M | -$17M | -$57M | 186.3% | 124.9% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $64M |
| R&D Expenses | $37M |
| Selling & Marketing | $48M |
| General & Administrative | $29M |
| SG&A Expenses | $77M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $173M |
| OPERATING INCOME | -$50M |
| Interest Income | $5M |
| Interest Expense | $1M |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $110.0K |
| 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 | $18M |
| EBIT | -$9M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $6M |
| Sales/Maturities of Investments | $116M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $105M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$201M |
| NET CASH FROM FINANCING | -$205M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$75M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $124M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $505M |
| PP&E (Net) | $268M |
| Goodwill | $670M |
| Intangible Assets | $73M |
| Long-Term Investments | $78M |
| Tax Assets | $0 |
| Other Non-Current Assets | $63M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $28M |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $472M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $538M |
| TOTAL LIABILITIES | $670M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$757M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $988M |
| Minority Interest | $0 |
| TOTAL EQUITY | $988M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $574M |
| Net Debt | $300M |
