| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $181M | $223M | -4.1% | -22.3% |
| Op. Income | -$18M | -$12M | -$10M | -48.5% | -76.9% |
| Gross Margin | 31.3% | 33.4% | 27.5% | -2.1pp | 3.8pp |
| Net Margin | -5.0% | -5.4% | -3.8% | 0.4pp | -1.1pp |
| EPS (Diluted) | $-0.29 | $-0.33 | $-0.30 | 12.1% | 3.3% |
| Free Cash Flow | -$35M | $8M | $4M | -528.0% | -967.4% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $54M |
| R&D Expenses | $21M |
| Selling & Marketing | $32M |
| General & Administrative | $17M |
| SG&A Expenses | $49M |
| Other Expenses | $2M |
| Operating Expenses | $72M |
| Cost & Expenses | $191M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$444.0K |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | -$729.0K |
| Acquisitions (Net) | -$466.0K |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $466.0K |
| NET CASH FROM INVESTING | -$263.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $96M |
| Net Receivables | $179M |
| Inventory | $324M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $734M |
| PP&E (Net) | $48M |
| Goodwill | $36M |
| Intangible Assets | $1M |
| Long-Term Investments | $8M |
| Tax Assets | $93M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $193M |
| TOTAL ASSETS | $927M |
| Account Payables | $36M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $264M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | -$4M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $314M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $958M |
| Retained Earnings | -$345M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $112.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $927M |
| Total Debt | $45M |
| Net Debt | -$61M |
