| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $65M | $38M | -45.7% | -8.5% |
| Op. Income | -$61M | -$31M | -$43M | -100.4% | -40.6% |
| Gross Margin | 39.2% | 70.5% | 44.5% | -31.3pp | -5.3pp |
| Net Margin | 12.2% | 199.3% | -124.0% | -187.2pp | 136.1pp |
| EPS (Diluted) | $0.06 | $1.75 | $-0.67 | -96.7% | 108.5% |
| Free Cash Flow | -$21M | -$35M | -$27M | 39.8% | 21.7% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $14M |
| R&D Expenses | $43M |
| Selling & Marketing | $9M |
| General & Administrative | $23M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $75M |
| Cost & Expenses | $96M |
| OPERATING INCOME | -$61M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $1M |
| EBIT | -$61M |
| EBITDA | -$60M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $101M |
| Other Investing Activities | $36M |
| NET CASH FROM INVESTING | $67M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $53M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $286M |
| Short-Term Investments | $263M |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $592M |
| PP&E (Net) | $133M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $106M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $250M |
| TOTAL ASSETS | $842M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $47M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $600.0K |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $230M |
| Common Stock | $719.0K |
| Additional Paid-In Capital | $857M |
| Retained Earnings | -$246M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$683.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $611M |
| Minority Interest | $0 |
| TOTAL EQUITY | $611M |
| TOTAL LIABILITIES & EQUITY | $842M |
| Total Debt | $121M |
| Net Debt | -$165M |
