Q2 2023 Earnings

Reported July 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$114M	$101M	—	12.5%	—
Op. Income	-$46M	-$62M	—	26.3%	—
Gross Margin	58.6%	56.2%	—	2.3pp	—
Net Margin	-53.6%	-65.8%	—	12.2pp	—
EPS (Diluted)	$-0.68	$-0.74	—	8.1%	—

Income Statement

Item	Amount
REVENUE	$114M
Cost of Revenue	$47M
GROSS PROFIT	$67M
R&D Expenses	$38M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$74M
Other Expenses	$0
Operating Expenses	$112M
Cost & Expenses	$159M
OPERATING INCOME	-$46M
Interest Income	$213.0K
Interest Expense	$15M
Other Income/Expenses	-$15M
INCOME BEFORE TAX	-$61M
Income Tax Expense	$344.0K
Net Income from Continuing Ops	-$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$61M
D&A	$0
EBIT	-$45M
EBITDA	-$45M
EPS	-$1
EPS Diluted	-$1