| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $195M | $189M | $164M | 3.3% | 18.7% |
| Op. Income | -$11M | -$19M | -$23M | 43.9% | 53.7% |
| Gross Margin | 77.7% | 75.9% | 78.1% | 1.8pp | -0.4pp |
| Net Margin | -8.2% | -13.3% | -16.7% | 5.1pp | 8.5pp |
| EPS (Diluted) | $-0.14 | $-0.22 | $-0.25 | 36.4% | 44.0% |
| Free Cash Flow | $28M | $37M | $26M | -25.8% | 7.5% |
| Item | Amount |
|---|---|
| REVENUE | $195M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $152M |
| R&D Expenses | $38M |
| Selling & Marketing | $98M |
| General & Administrative | $27M |
| SG&A Expenses | $124M |
| Other Expenses | $0 |
| Operating Expenses | $162M |
| Cost & Expenses | $206M |
| OPERATING INCOME | -$11M |
| Interest Income | $7M |
| Interest Expense | $8M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $6M |
| EBIT | -$5M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $30M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$99M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$937.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $81.0K |
| FREE CASH FLOW | $28M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $269M |
| Net Receivables | $154M |
| Inventory | $0 |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $855M |
| PP&E (Net) | $82M |
| Goodwill | $317M |
| Intangible Assets | $69M |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $611M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $25M |
| Short-Term Debt | $8M |
| Deferred Revenue | $495M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $577M |
| Long-Term Debt | $361M |
| Deferred Revenue NC | $155M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $574M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$788M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$701.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $315M |
| Minority Interest | $0 |
| TOTAL EQUITY | $315M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $420M |
| Net Debt | $44M |
