| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $147M | $137M | $125M | 7.1% | 17.5% |
| Op. Income | -$30M | -$35M | -$40M | 14.8% | 24.7% |
| Gross Margin | 40.8% | 39.9% | 35.1% | 0.8pp | 5.6pp |
| Net Margin | -16.6% | -22.4% | -28.2% | 5.9pp | 11.7pp |
| EPS (Diluted) | $-0.95 | $-1.25 | $-1.40 | 24.0% | 32.1% |
| Free Cash Flow | -$9M | -$23M | -$27M | 60.0% | 66.9% |
| Item | Amount |
|---|---|
| REVENUE | $147M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $60M |
| R&D Expenses | $8M |
| Selling & Marketing | $19M |
| General & Administrative | $60M |
| SG&A Expenses | $79M |
| Other Expenses | $3M |
| Operating Expenses | $90M |
| Cost & Expenses | $177M |
| OPERATING INCOME | -$30M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $18M |
| EBIT | -$25M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $22M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29.0K |
| NET CASH FROM FINANCING | $64.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $289M |
| Short-Term Investments | $120M |
| Net Receivables | $128M |
| Inventory | $25M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $585M |
| PP&E (Net) | $192M |
| Goodwill | $523M |
| Intangible Assets | $391M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $18M |
| Short-Term Debt | $7M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $95M |
| Long-Term Debt | $537M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $29M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $644M |
| TOTAL LIABILITIES | $739M |
| Common Stock | $127.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $956M |
| Minority Interest | $0 |
| TOTAL EQUITY | $956M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $610M |
| Net Debt | $321M |
