| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $108M | $100M | $89M | 7.8% | 21.2% |
| Op. Income | -$148M | -$154M | -$142M | 4.0% | -4.5% |
| Gross Margin | 90.8% | 87.8% | 90.7% | 3.0pp | 0.1pp |
| Net Margin | -147.6% | -163.2% | -177.0% | 15.6pp | 29.5pp |
| EPS (Diluted) | $-2.25 | $-2.33 | $-2.26 | 3.4% | 0.4% |
| Free Cash Flow | -$133M | -$182M | -$108M | 27.1% | -22.6% |
| Item | Amount |
|---|---|
| REVENUE | $108M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $98M |
| R&D Expenses | $165M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $81M |
| Other Expenses | $0 |
| Operating Expenses | $246M |
| Cost & Expenses | $256M |
| OPERATING INCOME | -$148M |
| Interest Income | $6M |
| Interest Expense | $15M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$159M |
| Income Tax Expense | $732.0K |
| Net Income from Continuing Ops | -$160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$160M |
| D&A | $5M |
| EBIT | -$144M |
| EBITDA | -$138M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$160M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$116M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$103M |
| Sales/Maturities of Investments | $220M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $99M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $33M |
| NET CASH FROM FINANCING | $33M |
| FREE CASH FLOW | -$133M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $450M |
| Net Receivables | $71M |
| Inventory | $28M |
| Other Current Assets | $51M |
| TOTAL CURRENT ASSETS | $702M |
| PP&E (Net) | $308M |
| Goodwill | $44M |
| Intangible Assets | $158M |
| Long-Term Investments | $72M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $609M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $42M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $244M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $891M |
| TOTAL NON-CURRENT LIABILITIES | $938M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $71.0K |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$3.1B |
| Treasury Stock | -$381.0K |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $381.0K |
| TOTAL STOCKHOLDERS' EQUITY | $129M |
| Minority Interest | $0 |
| TOTAL EQUITY | $129M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $26M |
| Net Debt | -$76M |
