| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $978M | $819M | $675M | 19.4% | 44.9% |
| Op. Income | -$80M | -$92M | -$99M | 13.0% | 19.2% |
| Gross Margin | 21.3% | 21.2% | 16.7% | 0.0pp | 4.5pp |
| Net Margin | -10.0% | -9.9% | -8.0% | -0.1pp | -2.0pp |
| EPS (Diluted) | $-0.19 | $-0.16 | $-0.11 | -18.8% | -72.7% |
| Free Cash Flow | $39M | -$65M | -$30M | 160.0% | 230.0% |
| Item | Amount |
|---|---|
| REVENUE | $978M |
| Cost of Revenue | $770M |
| GROSS PROFIT | $208M |
| R&D Expenses | $92M |
| Selling & Marketing | $100M |
| General & Administrative | $96M |
| SG&A Expenses | $196M |
| Other Expenses | $0 |
| Operating Expenses | $288M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$80M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$97M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$98M |
| D&A | $8M |
| EBIT | -$80M |
| EBITDA | -$72M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$98M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $72M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $55M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $50M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$175M |
| Sales/Maturities of Investments | $174M |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $488M |
| Short-Term Investments | $502M |
| Net Receivables | $115M |
| Inventory | $120M |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $86M |
| Goodwill | $113M |
| Intangible Assets | $30M |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $120M |
| TOTAL NON-CURRENT ASSETS | $392M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $42M |
| Short-Term Debt | $8M |
| Deferred Revenue | $41M |
| Other Current Liabilities | $415M |
| TOTAL CURRENT LIABILITIES | $584M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $95M |
| TOTAL NON-CURRENT LIABILITIES | $132M |
| TOTAL LIABILITIES | $716M |
| Common Stock | $0 |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $33M |
| Net Debt | -$455M |
