| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | $175M | $163M | 6.0% | 13.7% |
| Op. Income | -$10M | -$25M | -$151M | 59.0% | 93.2% |
| Gross Margin | 35.0% | 28.6% | 35.7% | 6.4pp | -0.7pp |
| Net Margin | -16.9% | -34.8% | -107.3% | 17.9pp | 90.5pp |
| EPS (Diluted) | $-0.52 | $-1.66 | $-6.34 | 68.7% | 91.8% |
| Free Cash Flow | -$7M | -$29M | -$23M | 76.7% | 70.3% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $121M |
| GROSS PROFIT | $65M |
| R&D Expenses | $18M |
| Selling & Marketing | $15M |
| General & Administrative | $53M |
| SG&A Expenses | $68M |
| Other Expenses | -$10M |
| Operating Expenses | $75M |
| Cost & Expenses | $196M |
| OPERATING INCOME | -$10M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $4M |
| EBIT | -$20M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $32M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | -$152M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$86M |
| Net Debt Issuance | $110M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$80M |
| NET CASH FROM FINANCING | $105M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $304M |
| Short-Term Investments | $2M |
| Net Receivables | $68M |
| Inventory | $0 |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $421M |
| PP&E (Net) | $95M |
| Goodwill | $10M |
| Intangible Assets | $4M |
| Long-Term Investments | $615M |
| Tax Assets | $0 |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $766M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $4M |
| Short-Term Debt | $66M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $112M |
| Long-Term Debt | $240M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $570.0K |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $298M |
| TOTAL LIABILITIES | $410M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$506M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $597M |
| Minority Interest | $180M |
| TOTAL EQUITY | $777M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $358M |
| Net Debt | $54M |
