| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $68M | $161M | 156.0% | 9.0% |
| Op. Income | -$12M | -$17M | -$89M | 24.7% | 86.0% |
| Gross Margin | 97.2% | 100.0% | 98.1% | -2.8pp | -0.9pp |
| Net Margin | 3.4% | 39.6% | -13.8% | -36.2pp | 17.2pp |
| EPS (Diluted) | $0.09 | $0.41 | $-0.34 | -77.9% | 126.7% |
| Free Cash Flow | -$151M | -$116M | -$175M | -30.3% | 13.5% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $170M |
| R&D Expenses | $127M |
| Selling & Marketing | -$10M |
| General & Administrative | $56M |
| SG&A Expenses | $46M |
| Other Expenses | $10M |
| Operating Expenses | $183M |
| Cost & Expenses | $188M |
| OPERATING INCOME | -$12M |
| Interest Income | $23M |
| Interest Expense | $914.3K |
| Other Income/Expenses | $34M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $0 |
| EBIT | $20M |
| EBITDA | $20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$175M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$147M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $122M |
| NET CASH FROM INVESTING | $118M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$151M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $4.4B |
| Net Receivables | $79M |
| Inventory | $57M |
| Other Current Assets | $48M |
| TOTAL CURRENT ASSETS | $4.7B |
| PP&E (Net) | $158M |
| Goodwill | $81M |
| Intangible Assets | $160M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $173M |
| TOTAL NON-CURRENT ASSETS | $573M |
| TOTAL ASSETS | $5.3B |
| Account Payables | $153M |
| Short-Term Debt | $0 |
| Deferred Revenue | $387M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $555M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1.6B |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $344M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$515M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $18M |
| Net Debt | -$97M |
