| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $36M | $30M | 22.6% | 48.7% |
| Op. Income | -$88M | -$76M | -$78M | -15.7% | -12.6% |
| Gross Margin | 87.1% | 90.3% | 77.2% | -3.2pp | 10.0pp |
| Net Margin | -197.8% | -212.1% | -243.7% | 14.3pp | 45.8pp |
| EPS (Diluted) | $-0.90 | $-0.81 | $-0.78 | -11.1% | -15.4% |
| Free Cash Flow | -$112M | -$102M | -$34M | -9.2% | -228.4% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $39M |
| R&D Expenses | $95M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $0 |
| Operating Expenses | $127M |
| Cost & Expenses | $132M |
| OPERATING INCOME | -$88M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | $133.0K |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | -$235.0K |
| Net Income from Continuing Ops | -$88M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$88M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$88M |
| D&A | $3M |
| EBIT | -$85M |
| EBITDA | -$83M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$88M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$993.0K |
| Acquisitions (Net) | $656.0K |
| Purchases of Investments | -$102M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $71M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | $92M |
| FREE CASH FLOW | -$112M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $183M |
| Net Receivables | $26M |
| Inventory | $41M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $411M |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $104M |
| TOTAL ASSETS | $515M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $194M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $165M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $381M |
| TOTAL LIABILITIES | $575M |
| Common Stock | $982.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$102M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$60M |
| TOTAL LIABILITIES & EQUITY | $515M |
| Total Debt | $156M |
| Net Debt | $4M |
