| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $77M | $73M | — | 4.8% | — |
| Op. Income | -$32M | $17M | — | -285.2% | — |
| Gross Margin | 16.6% | 13.8% | — | 2.8pp | — |
| Net Margin | -35.7% | 25.3% | — | -61.0pp | — |
| EPS (Diluted) | $-0.17 | $0.11 | — | -254.5% | — |
| Free Cash Flow | -$95M | -$19M | — | -408.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $77M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $25M |
| Operating Expenses | $45M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$32M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $112.0K |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $66M |
| EBIT | -$60M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $66M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$63M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$56M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $173M |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | $101M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $289M |
| Short-Term Investments | $141M |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $483M |
| PP&E (Net) | $721M |
| Goodwill | $0 |
| Intangible Assets | $19M |
| Long-Term Investments | $105M |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $876M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $13M |
| Short-Term Debt | $2M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $74M |
| Long-Term Debt | $300.0K |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$840M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $22M |
| Net Debt | -$267M |
