| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $36M | — | 101.8% | — |
| Op. Income | -$200M | -$124M | — | -61.9% | — |
| Gross Margin | -75.2% | 2.0% | — | -77.2pp | — |
| Net Margin | -271.6% | -308.5% | — | 37.0pp | — |
| EPS (Diluted) | $-1.14 | $-0.68 | — | -67.6% | — |
| Free Cash Flow | -$104M | -$143M | — | 27.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $128M |
| GROSS PROFIT | -$55M |
| R&D Expenses | $96M |
| Selling & Marketing | $21M |
| General & Administrative | $28M |
| SG&A Expenses | $49M |
| Other Expenses | $0 |
| Operating Expenses | $145M |
| Cost & Expenses | $273M |
| OPERATING INCOME | -$200M |
| Interest Expense | $5M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$199M |
| Income Tax Expense | $290.0K |
| Net Income from Continuing Ops | -$199M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$199M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$199M |
| D&A | $2M |
| EBIT | -$104M |
| EBITDA | -$102M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$199M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $100M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$98M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$116M |
| NET CASH FROM INVESTING | -$122M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $790M |
| NET CASH FROM FINANCING | $790M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | $573M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $282M |
| Net Receivables | $63M |
| Inventory | $15M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $191M |
| Goodwill | -$119M |
| Intangible Assets | $122M |
| Long-Term Investments | $4M |
| Tax Assets | $119M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $318M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $435.0K |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $201M |
| Long-Term Debt | $271M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | -$7M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $322M |
| TOTAL LIABILITIES | $524M |
| Common Stock | $36.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $60M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $319M |
| Net Debt | -$915M |
