| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $88M | $85M | 1.6% | 5.1% |
| Op. Income | -$4M | -$7M | -$43M | 43.9% | 90.6% |
| Gross Margin | 82.5% | 82.2% | 79.4% | 0.3pp | 3.1pp |
| Net Margin | 0.3% | -4.9% | -49.2% | 5.1pp | 49.5pp |
| EPS (Diluted) | $0.01 | $-0.11 | $-1.13 | 105.5% | 100.5% |
| Free Cash Flow | $18M | $13M | $6M | 35.6% | 177.4% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $74M |
| R&D Expenses | $23M |
| Selling & Marketing | $39M |
| General & Administrative | $16M |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $78M |
| Cost & Expenses | $93M |
| OPERATING INCOME | -$4M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $477.0K |
| Income Tax Expense | $250.0K |
| Net Income from Continuing Ops | $227.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227.0K |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $227.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$355.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$116M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$386.1K |
| NET CASH FROM FINANCING | $11.8K |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $162M |
| Short-Term Investments | $265M |
| Net Receivables | $22M |
| Inventory | $1M |
| Other Current Assets | $157M |
| TOTAL CURRENT ASSETS | $608M |
| PP&E (Net) | $13M |
| Goodwill | $77M |
| Intangible Assets | $12M |
| Long-Term Investments | $259M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $363M |
| TOTAL ASSETS | $972M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $191M |
| TOTAL CURRENT LIABILITIES | $208M |
| Long-Term Debt | $454M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $462M |
| TOTAL LIABILITIES | $670M |
| Common Stock | $604M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$292M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $302M |
| Minority Interest | $0 |
| TOTAL EQUITY | $302M |
| TOTAL LIABILITIES & EQUITY | $972M |
| Total Debt | $462M |
| Net Debt | $300M |
