| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $105M | $95M | $50M | 9.9% | 109.2% |
| Op. Income | -$66M | -$65M | -$65M | -1.9% | -1.4% |
| Gross Margin | 13.1% | 18.9% | 24.4% | -5.8pp | -11.3pp |
| Net Margin | -64.2% | -69.1% | -135.8% | 4.9pp | 71.6pp |
| EPS (Diluted) | $-0.97 | $-0.95 | $-1.10 | -2.1% | 11.8% |
| Free Cash Flow | -$52M | -$49M | -$42M | -6.3% | -24.3% |
| Item | Amount |
|---|---|
| REVENUE | $105M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $31M |
| SG&A Expenses | $56M |
| Other Expenses | $24M |
| Operating Expenses | $80M |
| Cost & Expenses | $171M |
| OPERATING INCOME | -$66M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $5M |
| EBIT | -$66M |
| EBITDA | -$61M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$50M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$145M |
| Sales/Maturities of Investments | $136M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $200.0K |
| NET CASH FROM FINANCING | $200.0K |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | -$61M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $372M |
| Net Receivables | $362M |
| Inventory | $0 |
| Other Current Assets | -$1.1B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $19M |
| Goodwill | $19M |
| Intangible Assets | $28M |
| Long-Term Investments | $748M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$814M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.6B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$55M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $42M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$73M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $842M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$993M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $771M |
| Minority Interest | $0 |
| TOTAL EQUITY | $771M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $32M |
| Net Debt | -$157M |
