| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $304M | $673M | $400M | -54.8% | -23.9% |
| Op. Income | -$57M | $86M | $10M | -166.3% | -669.9% |
| Gross Margin | 43.3% | 42.4% | 44.8% | 0.9pp | -1.5pp |
| Net Margin | -10.1% | 11.2% | 2.1% | -21.3pp | -12.2pp |
| EPS (Diluted) | $-0.24 | $0.57 | $0.06 | -142.1% | -491.5% |
| Free Cash Flow | -$122M | $168M | -$107M | -172.6% | -13.9% |
| Item | Amount |
|---|---|
| REVENUE | $304M |
| Cost of Revenue | $173M |
| GROSS PROFIT | $132M |
| R&D Expenses | $81M |
| Selling & Marketing | $64M |
| General & Administrative | $44M |
| SG&A Expenses | $108M |
| Other Expenses | $0 |
| Operating Expenses | $189M |
| Cost & Expenses | $361M |
| OPERATING INCOME | -$57M |
| Interest Income | $3M |
| Interest Expense | $152.0K |
| Other Income/Expenses | $197.0K |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | -$26M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $12M |
| EBIT | -$57M |
| EBITDA | -$45M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$131M |
| OPERATING CASH FLOW | -$113M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$25M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | -$15M |
| FREE CASH FLOW | -$122M |
| Net Change in Cash | -$137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $295M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $326M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $737M |
| PP&E (Net) | $109M |
| Goodwill | $82M |
| Intangible Assets | $95M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $322M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $184M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $61M |
| TOTAL CURRENT LIABILITIES | $352M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $62M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $764.0K |
| TOTAL NON-CURRENT LIABILITIES | $94M |
| TOTAL LIABILITIES | $446M |
| Common Stock | $130.0K |
| Additional Paid-In Capital | $614M |
| Retained Earnings | $42M |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $31M |
| Net Debt | -$264M |
