| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $196M | $178M | 0.2% | 10.1% |
| Op. Income | -$75M | -$72M | -$74M | -5.5% | -1.4% |
| Gross Margin | 19.2% | 17.4% | 15.8% | 1.8pp | 3.4pp |
| Net Margin | -44.2% | -38.6% | -40.5% | -5.6pp | -3.8pp |
| EPS (Diluted) | $-2.90 | $-2.56 | $-2.41 | -13.3% | -20.3% |
| Free Cash Flow | -$55M | -$99M | -$117M | 44.8% | 53.3% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $38M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $1M |
| Operating Expenses | $113M |
| Cost & Expenses | $271M |
| OPERATING INCOME | -$75M |
| Interest Income | $3M |
| Interest Expense | $33M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$87M |
| Income Tax Expense | -$273.0K |
| Net Income from Continuing Ops | -$87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$87M |
| D&A | $12M |
| EBIT | -$72M |
| EBITDA | -$60M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$87M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$273.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $350M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32M |
| NET CASH FROM FINANCING | $319M |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | $262M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $341M |
| Short-Term Investments | $0 |
| Net Receivables | $136M |
| Inventory | $103M |
| Other Current Assets | $730.1K |
| TOTAL CURRENT ASSETS | $603M |
| PP&E (Net) | $614M |
| Goodwill | $109M |
| Intangible Assets | $14M |
| Long-Term Investments | $28M |
| Tax Assets | $15M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $798M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $81M |
| Short-Term Debt | $411M |
| Deferred Revenue | $512.0K |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $645M |
| Long-Term Debt | $115M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $637.0K |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $210M |
| TOTAL LIABILITIES | $855M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$817M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$265M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $546M |
| Minority Interest | $0 |
| TOTAL EQUITY | $546M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $628M |
| Net Debt | $287M |
