| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $160M | $149M | $167M | 6.9% | -4.1% |
| Op. Income | -$34M | -$16M | -$24M | -104.9% | -43.0% |
| Gross Margin | 41.5% | 38.9% | 40.5% | 2.6pp | 1.0pp |
| Net Margin | -24.2% | -14.9% | -14.6% | -9.3pp | -9.6pp |
| EPS (Diluted) | $-0.56 | $-0.29 | $-0.36 | -93.1% | -55.6% |
| Free Cash Flow | -$26M | -$22M | -$27M | -19.4% | 3.4% |
| Item | Amount |
|---|---|
| REVENUE | $160M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $66M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $100M |
| Cost & Expenses | $193M |
| OPERATING INCOME | -$34M |
| Interest Income | $687.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $687.0K |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $725.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$5M |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $8M |
| EBIT | -$34M |
| EBITDA | -$26M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$54M |
| Purchases of Investments | -$153.0K |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $125.0K |
| NET CASH FROM INVESTING | -$39M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$65M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $61M |
| Net Receivables | $156M |
| Inventory | $211M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $610M |
| PP&E (Net) | $222M |
| Goodwill | $93M |
| Intangible Assets | $149M |
| Long-Term Investments | $139M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $620M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $70M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $209M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $27M |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $307M |
| Common Stock | $193.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $923M |
| Minority Interest | $0 |
| TOTAL EQUITY | $923M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $20M |
| Net Debt | -$124M |
