| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $433M | $420M | $314M | 3.2% | 38.1% |
| Op. Income | -$9M | -$10M | -$25M | 9.8% | 63.8% |
| Gross Margin | 21.5% | 21.6% | 22.9% | -0.1pp | -1.4pp |
| Net Margin | -2.2% | -1.7% | -5.8% | -0.4pp | 3.6pp |
| EPS (Diluted) | $-0.04 | $-0.03 | $-0.08 | -28.6% | 48.1% |
| Free Cash Flow | $3M | $0 | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $433M |
| Cost of Revenue | $340M |
| GROSS PROFIT | $93M |
| R&D Expenses | $7M |
| Selling & Marketing | $49M |
| General & Administrative | $8M |
| SG&A Expenses | $57M |
| Other Expenses | $38M |
| Operating Expenses | $102M |
| Cost & Expenses | $442M |
| OPERATING INCOME | -$9M |
| Interest Income | $821.6K |
| Interest Expense | $365.4K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $15M |
| EBIT | -$8M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $964.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $88M |
| Net Receivables | $0 |
| Inventory | $107M |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $59M |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $160M |
| TOTAL ASSETS | $732M |
| Account Payables | $10M |
| Short-Term Debt | $41M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $164M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $553M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $553M |
| Minority Interest | $0 |
| TOTAL EQUITY | $553M |
| TOTAL LIABILITIES & EQUITY | $732M |
| Total Debt | $43M |
| Net Debt | -$175M |
