| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $69M | $60M | 5.6% | 21.4% |
| Op. Income | -$22M | -$23M | -$33M | 3.9% | 33.0% |
| Gross Margin | 50.9% | 52.0% | 51.1% | -1.1pp | -0.2pp |
| Net Margin | -23.2% | -26.1% | -55.4% | 2.8pp | 32.2pp |
| EPS (Diluted) | $-0.10 | $-0.10 | $-0.20 | 3.8% | 51.9% |
| Free Cash Flow | -$5M | $42.0K | -$13M | -11831.0% | 63.0% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $37M |
| R&D Expenses | $18M |
| Selling & Marketing | $23M |
| General & Administrative | $18M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$22M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $928.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $1M |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$61.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $118M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $118M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $115M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $384M |
| Short-Term Investments | $90M |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $526M |
| PP&E (Net) | $50M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $598M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $104M |
| Common Stock | $0 |
| Additional Paid-In Capital | $884M |
| Retained Earnings | -$387M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $494M |
| Minority Interest | $0 |
| TOTAL EQUITY | $494M |
| TOTAL LIABILITIES & EQUITY | $598M |
| Total Debt | $35M |
| Net Debt | -$349M |
