| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $115M | $102M | 16.3% | 31.0% |
| Op. Income | -$27M | -$31M | -$17M | 12.2% | -57.6% |
| Gross Margin | 70.4% | 69.5% | 73.1% | 0.9pp | -2.6pp |
| Net Margin | -21.9% | -28.7% | -16.3% | 6.8pp | -5.5pp |
| EPS (Diluted) | $-0.31 | $-0.35 | $-0.18 | 11.4% | -72.2% |
| Free Cash Flow | -$18M | -$21M | -$14M | 13.7% | -35.1% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $95M |
| R&D Expenses | $33M |
| Selling & Marketing | $75M |
| General & Administrative | $13M |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $161M |
| OPERATING INCOME | -$27M |
| Interest Income | $140.0K |
| Interest Expense | $615.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $975.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $988.0K |
| EBIT | -$28M |
| EBITDA | -$27M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $402M |
| Short-Term Investments | $0 |
| Net Receivables | $193M |
| Inventory | $0 |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $638M |
| PP&E (Net) | $41M |
| Goodwill | $289M |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $489M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $227M |
| Other Current Liabilities | $448M |
| TOTAL CURRENT LIABILITIES | $686M |
| Long-Term Debt | $414M |
| Deferred Revenue NC | $31M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $449M |
| TOTAL LIABILITIES | $744M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $522M |
| TOTAL STOCKHOLDERS' EQUITY | $382M |
| Minority Interest | $0 |
| TOTAL EQUITY | $382M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $414M |
| Net Debt | $12M |
