| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $167M | $132M | — | 26.5% | — |
| Op. Income | -$58M | -$66M | — | 11.3% | — |
| Gross Margin | 70.6% | 69.2% | — | 1.5pp | — |
| Net Margin | -38.5% | -48.7% | — | 10.2pp | — |
| EPS (Diluted) | $-0.35 | $-0.38 | — | 6.9% | — |
| Free Cash Flow | -$30M | -$30M | — | 0.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $118M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $132M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $225M |
| OPERATING INCOME | -$58M |
| Interest Income | $668.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | -$64M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $0 |
| EBIT | -$58M |
| EBITDA | -$58M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$64M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $75M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$20M |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $86M |
| NET CASH FROM FINANCING | $86M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | $36M |
