| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.1B | $1.2B | 8.2% | 1.2% |
| Op. Income | -$88M | -$64M | -$579M | -37.5% | 84.8% |
| Gross Margin | 62.2% | 60.3% | 66.0% | 2.0pp | -3.8pp |
| Net Margin | -19.9% | 0.3% | -46.0% | -20.2pp | 26.1pp |
| EPS (Diluted) | $-1.48 | $0.02 | $-3.41 | -7889.5% | 56.6% |
| Free Cash Flow | $58M | -$42M | $54M | 238.1% | 7.4% |
| Item | Amount |
|---|---|
| REVENUE | $1.2B |
| Cost of Revenue | $444M |
| GROSS PROFIT | $732M |
| R&D Expenses | $358M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $462M |
| Other Expenses | $0 |
| Operating Expenses | $820M |
| Cost & Expenses | $1.3B |
| OPERATING INCOME | -$88M |
| Interest Income | $17M |
| Interest Expense | $19M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | $145M |
| Net Income from Continuing Ops | -$234M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$234M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$234M |
| D&A | $108M |
| EBIT | -$70M |
| EBITDA | $38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$234M |
| Depreciation & Amortization | $108M |
| Stock-Based Compensation | $106M |
| Deferred Income Tax | $53M |
| Other Non-Cash Items | $46M |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$47M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $18M |
| NET CASH FROM INVESTING | -$37M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $58M |
| Net Change in Cash | $59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $6M |
| Net Receivables | $758M |
| Inventory | $617M |
| Other Current Assets | $289M |
| TOTAL CURRENT ASSETS | $3.2B |
| PP&E (Net) | $1.7B |
| Goodwill | $3.2B |
| Intangible Assets | $3.2B |
| Long-Term Investments | $205M |
| Tax Assets | $0 |
| Other Non-Current Assets | $212M |
| TOTAL NON-CURRENT ASSETS | $8.6B |
| TOTAL ASSETS | $11.8B |
| Account Payables | $244M |
| Short-Term Debt | $834M |
| Deferred Revenue | $250M |
| Other Current Liabilities | $642M |
| TOTAL CURRENT LIABILITIES | $2.3B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $73M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $629M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $5.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $9.4B |
| Retained Earnings | $911M |
| Treasury Stock | -$3.8B |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $6.6B |
| TOTAL LIABILITIES & EQUITY | $11.8B |
| Total Debt | $3.0B |
| Net Debt | $1.5B |
