| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | — | $20M | — | 29.9% |
| Op. Income | -$17M | — | -$19M | — | 14.1% |
| Gross Margin | -22.2% | — | -46.5% | — | 24.3pp |
| Net Margin | -110.1% | — | -81.2% | — | -28.9pp |
| EPS (Diluted) | $-0.37 | — | $-0.26 | — | -45.5% |
| Free Cash Flow | -$20M | — | $63M | — | -132.4% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $32M |
| GROSS PROFIT | -$6M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $43M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$17M |
| Interest Income | $3M |
| Interest Expense | $240.9K |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $2M |
| EBIT | -$29M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $170.7K |
| Purchases of Investments | -$120M |
| Sales/Maturities of Investments | $113M |
| Other Investing Activities | -$170.7K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $254M |
| Net Receivables | $2M |
| Inventory | $11M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $426M |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $53M |
| TOTAL ASSETS | $480M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $80M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $63M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $30.4K |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $224M |
| Common Stock | $940.0K |
| Additional Paid-In Capital | $892M |
| Retained Earnings | -$637M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $255M |
| Minority Interest | $0 |
| TOTAL EQUITY | $255M |
| TOTAL LIABILITIES & EQUITY | $480M |
| Total Debt | $20M |
| Net Debt | -$133M |
