| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $36M | — | $25M | — | 43.8% |
| Op. Income | -$43M | — | -$44M | — | 0.6% |
| Gross Margin | 21.4% | — | 15.1% | — | 6.3pp |
| Net Margin | -122.2% | — | -175.0% | — | 52.7pp |
| EPS (Diluted) | $-0.90 | — | $-0.92 | — | 2.2% |
| Free Cash Flow | -$29M | — | -$41M | — | 28.6% |
| Item | Amount |
|---|---|
| REVENUE | $36M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $8M |
| R&D Expenses | $15M |
| Selling & Marketing | $25M |
| General & Administrative | $11M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $51M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$43M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$435.0K |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $133.0K |
| Net Income from Continuing Ops | -$44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$44M |
| D&A | $2M |
| EBIT | -$41M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $957.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$795.0K |
| Acquisitions (Net) | -$28M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $58M |
| Other Investing Activities | $28M |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $20.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $186M |
| Net Receivables | $37M |
| Inventory | $44M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $309M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $334M |
| Account Payables | $2M |
| Short-Term Debt | $1M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $97M |
| Deferred Revenue NC | $89.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $484.0K |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$877M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$393.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $183M |
| Minority Interest | $0 |
| TOTAL EQUITY | $183M |
| TOTAL LIABILITIES & EQUITY | $334M |
| Total Debt | $103M |
| Net Debt | $67M |
