| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $54M | $48M | 10.9% | 25.0% |
| Op. Income | -$62M | -$45M | -$61M | -38.1% | -1.4% |
| Gross Margin | 30.8% | 45.7% | 38.3% | -15.0pp | -7.5pp |
| Net Margin | -98.3% | -77.1% | -126.1% | -21.2pp | 27.8pp |
| EPS (Diluted) | $-1.04 | $-0.74 | $-1.13 | -40.5% | 8.0% |
| Free Cash Flow | -$53M | -$66M | -$74M | 19.1% | 28.2% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $42M |
| GROSS PROFIT | $19M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | -$1M |
| Operating Expenses | $80M |
| Cost & Expenses | $122M |
| OPERATING INCOME | -$62M |
| Interest Income | $3M |
| Interest Expense | $2.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$58M |
| Income Tax Expense | $676.0K |
| Net Income from Continuing Ops | -$59M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$59M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$59M |
| D&A | $7M |
| EBIT | -$58M |
| EBITDA | -$51M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$59M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$676.0K |
| Other Non-Cash Items | $103.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$50M |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $50M |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $315M |
| Short-Term Investments | $72M |
| Net Receivables | $48M |
| Inventory | $40M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $489M |
| PP&E (Net) | $217M |
| Goodwill | $86M |
| Intangible Assets | $57M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $365M |
| TOTAL ASSETS | $854M |
| Account Payables | $13M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60.0K |
| TOTAL NON-CURRENT LIABILITIES | $78M |
| TOTAL LIABILITIES | $150M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$929M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $111.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $704M |
| Minority Interest | $0 |
| TOTAL EQUITY | $704M |
| TOTAL LIABILITIES & EQUITY | $854M |
| Total Debt | $91M |
| Net Debt | -$224M |
