| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $32M | $27M | 4.2% | 20.9% |
| Op. Income | -$17M | -$20M | -$12M | 15.6% | -44.6% |
| Gross Margin | 56.7% | 71.7% | 59.3% | -15.0pp | -2.7pp |
| Net Margin | -94.3% | -61.1% | -141.2% | -33.2pp | 46.9pp |
| EPS (Diluted) | $-2.77 | $-1.74 | $-30.90 | -59.2% | 91.0% |
| Free Cash Flow | -$10M | -$15M | -$12M | 34.7% | 20.4% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $19M |
| R&D Expenses | $5M |
| Selling & Marketing | $12M |
| General & Administrative | $16M |
| SG&A Expenses | $28M |
| Other Expenses | $3M |
| Operating Expenses | $36M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$17M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $213.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $6M |
| EBIT | -$24M |
| EBITDA | -$17M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $432.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$26.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $353.0K |
| NET CASH FROM FINANCING | $327.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $62M |
| PP&E (Net) | $26M |
| Goodwill | $208M |
| Intangible Assets | $123M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $361M |
| TOTAL ASSETS | $423M |
| Account Payables | $13M |
| Short-Term Debt | $68.0K |
| Deferred Revenue | $51M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $215M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $258M |
| TOTAL LIABILITIES | $329M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $846M |
| Retained Earnings | -$751M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$816.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $94M |
| Minority Interest | $0 |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $423M |
| Total Debt | $246M |
| Net Debt | $209M |
