| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $847M | $741M | $764M | 14.3% | 10.8% |
| Op. Income | -$126M | -$212M | -$111M | 40.7% | -14.0% |
| Gross Margin | 44.7% | 45.6% | 46.5% | -0.9pp | -1.8pp |
| Net Margin | -12.7% | -26.1% | -14.7% | 13.4pp | 2.0pp |
| EPS (Diluted) | $-0.76 | $-1.38 | $-0.82 | 44.9% | 7.3% |
| Free Cash Flow | $129M | -$208M | -$149M | 162.1% | 186.5% |
| Item | Amount |
|---|---|
| REVENUE | $847M |
| Cost of Revenue | $469M |
| GROSS PROFIT | $378M |
| R&D Expenses | $192M |
| Selling & Marketing | $196M |
| General & Administrative | $116M |
| SG&A Expenses | $312M |
| Other Expenses | $0 |
| Operating Expenses | $504M |
| Cost & Expenses | $973M |
| OPERATING INCOME | -$126M |
| Interest Income | $0 |
| Interest Expense | $4.0K |
| Other Income/Expenses | $20M |
| INCOME BEFORE TAX | -$106M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$108M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$108M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$108M |
| D&A | $136M |
| EBIT | -$126M |
| EBITDA | $10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$108M |
| Depreciation & Amortization | $136M |
| Stock-Based Compensation | $90M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$48M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $147M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $613.0K |
| FREE CASH FLOW | $129M |
| Net Change in Cash | $125M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $0 |
| Net Receivables | $708M |
| Inventory | $93M |
| Other Current Assets | $145M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $857M |
| Goodwill | $162M |
| Intangible Assets | $350M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $213M |
| Short-Term Debt | $0 |
| Deferred Revenue | $104M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $956M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $668M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$889M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $71.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.5B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $649M |
| Net Debt | -$1.1B |
