| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $147M | $134M | $115M | 9.3% | 28.1% |
| Op. Income | -$63M | -$52M | -$63M | -21.9% | -0.4% |
| Gross Margin | 67.8% | 73.3% | 75.8% | -5.4pp | -8.0pp |
| Net Margin | -42.5% | -37.8% | -56.2% | -4.7pp | 13.7pp |
| EPS (Diluted) | $-0.53 | $-0.44 | $-0.57 | -20.5% | 7.0% |
| Free Cash Flow | -$37M | -$9M | -$44M | -324.7% | 16.5% |
| Item | Amount |
|---|---|
| REVENUE | $147M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $100M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $92M |
| Other Expenses | $0 |
| Operating Expenses | $163M |
| Cost & Expenses | $210M |
| OPERATING INCOME | -$63M |
| Interest Income | $4M |
| Interest Expense | $5.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $12M |
| EBIT | -$61M |
| EBITDA | -$49M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$37M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $326M |
| Short-Term Investments | $66M |
| Net Receivables | $88M |
| Inventory | $84M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $583M |
| PP&E (Net) | $356M |
| Goodwill | $5M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $407M |
| TOTAL ASSETS | $990M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $98M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$969.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $793M |
| Minority Interest | $0 |
| TOTAL EQUITY | $793M |
| TOTAL LIABILITIES & EQUITY | $990M |
| Total Debt | $100M |
| Net Debt | -$226M |
