| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $55M | $55M | 13.0% | 11.8% |
| Op. Income | -$45M | -$46M | -$33M | 1.9% | -36.2% |
| Gross Margin | 23.5% | 11.6% | 8.9% | 11.9pp | 14.6pp |
| Net Margin | -74.0% | -83.1% | -67.4% | 9.1pp | -6.5pp |
| EPS (Diluted) | $-0.10 | $-0.10 | $-0.08 | 0.1% | -18.9% |
| Free Cash Flow | -$17M | -$38M | -$51M | 56.3% | 67.4% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $15M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $29M |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $745.0K |
| Other Income/Expenses | $31.0K |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $761.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $7M |
| EBIT | -$44M |
| EBITDA | -$38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$172.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$82.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $144M |
| Net Receivables | $52M |
| Inventory | $102M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $560M |
| PP&E (Net) | $183M |
| Goodwill | $71M |
| Intangible Assets | $73M |
| Long-Term Investments | $74M |
| Tax Assets | $4M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $421M |
| TOTAL ASSETS | $981M |
| Account Payables | $26M |
| Short-Term Debt | $104M |
| Deferred Revenue | $135M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $237.0K |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $48.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$532M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $611M |
| Minority Interest | $0 |
| TOTAL EQUITY | $611M |
| TOTAL LIABILITIES & EQUITY | $981M |
| Total Debt | $163M |
| Net Debt | -$34M |
