| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $103M | $78M | $46M | 31.0% | 124.1% |
| Op. Income | -$108M | -$90M | -$67M | -19.8% | -61.1% |
| Gross Margin | 64.6% | 65.3% | 58.9% | -0.7pp | 5.7pp |
| Net Margin | -94.0% | -114.8% | -149.0% | 20.8pp | 55.0pp |
| EPS (Diluted) | $-0.35 | $-0.33 | $-0.57 | -6.1% | 38.6% |
| Free Cash Flow | -$67M | -$55M | -$45M | -21.9% | -49.6% |
| Item | Amount |
|---|---|
| REVENUE | $103M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $66M |
| R&D Expenses | $55M |
| Selling & Marketing | $79M |
| General & Administrative | $40M |
| SG&A Expenses | $119M |
| Other Expenses | $427.0K |
| Operating Expenses | $174M |
| Cost & Expenses | $211M |
| OPERATING INCOME | -$108M |
| Interest Income | $3M |
| Interest Expense | $607.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$105M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $9M |
| EBIT | -$105M |
| EBITDA | -$96M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$96M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $41M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$281M |
| Purchases of Investments | -$391M |
| Sales/Maturities of Investments | $292M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$385M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$67M |
| Net Change in Cash | -$435M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $269M |
| Short-Term Investments | $950M |
| Net Receivables | $106M |
| Inventory | $31M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $58M |
| Goodwill | $540M |
| Intangible Assets | $160M |
| Long-Term Investments | $0 |
| Tax Assets | -$64M |
| Other Non-Current Assets | $181M |
| TOTAL NON-CURRENT ASSETS | $875M |
| TOTAL ASSETS | $2.3B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $244M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $333M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $101M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $192M |
| TOTAL LIABILITIES | $525M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$808M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $29M |
| Net Debt | -$240M |
