| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $708M | $603M | $666M | 17.5% | 6.3% |
| Op. Income | -$73M | -$244M | -$35M | 69.9% | -112.3% |
| Gross Margin | 76.2% | 71.6% | 75.2% | 4.5pp | 0.9pp |
| Net Margin | -4.9% | -34.6% | -6.5% | 29.7pp | 1.5pp |
| EPS (Diluted) | $-0.05 | $-0.31 | $-0.07 | 83.3% | 20.3% |
| Free Cash Flow | $62M | $181M | $107M | -65.9% | -42.2% |
| Item | Amount |
|---|---|
| REVENUE | $708M |
| Cost of Revenue | $169M |
| GROSS PROFIT | $539M |
| R&D Expenses | $269M |
| Selling & Marketing | $243M |
| General & Administrative | $100M |
| SG&A Expenses | $343M |
| Other Expenses | $0 |
| Operating Expenses | $613M |
| Cost & Expenses | $781M |
| OPERATING INCOME | -$73M |
| Interest Income | $25M |
| Interest Expense | $0 |
| Other Income/Expenses | $27M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $5M |
| EBIT | -$73M |
| EBITDA | -$68M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $170M |
| Deferred Income Tax | -$11M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$78M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$810.0K |
| Acquisitions (Net) | $32M |
| Purchases of Investments | -$323M |
| Sales/Maturities of Investments | $291M |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$502M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $816.0K |
| NET CASH FROM FINANCING | -$501M |
| FREE CASH FLOW | $62M |
| Net Change in Cash | -$471M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $1.1B |
| Net Receivables | $544M |
| Inventory | $0 |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $122M |
| Goodwill | $0 |
| Intangible Assets | $121M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $261M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $64M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $256M |
| TOTAL CURRENT LIABILITIES | $320M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $189M |
| TOTAL LIABILITIES | $509M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$2.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $163M |
| Net Debt | -$1.0B |
