| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $533M | $500M | $297M | 6.6% | 79.6% |
| Op. Income | -$191M | -$255M | -$198M | 24.9% | 3.1% |
| Gross Margin | 70.2% | 67.6% | 67.4% | 2.6pp | 2.8pp |
| Net Margin | -36.0% | -50.7% | -68.7% | 14.7pp | 32.7pp |
| EPS (Diluted) | $-0.51 | $-0.67 | $-0.69 | 23.9% | 26.1% |
| Free Cash Flow | $34M | -$19M | -$58M | 272.4% | 157.5% |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $375M |
| R&D Expenses | $268M |
| Selling & Marketing | $209M |
| General & Administrative | $89M |
| SG&A Expenses | $298M |
| Other Expenses | $0 |
| Operating Expenses | $566M |
| Cost & Expenses | $725M |
| OPERATING INCOME | -$191M |
| Interest Income | $9M |
| Interest Expense | $6M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$189M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$193M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$192M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$192M |
| D&A | $111M |
| EBIT | -$182M |
| EBITDA | -$71M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$193M |
| Depreciation & Amortization | $111M |
| Stock-Based Compensation | $158M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$500.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $20M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.6B |
| Short-Term Investments | $0 |
| Net Receivables | $632M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.4B |
| PP&E (Net) | $135M |
| Goodwill | $3.2B |
| Intangible Assets | $1.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $231M |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $215M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $975M |
| Long-Term Debt | $2.7B |
| Deferred Revenue NC | $79M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $133M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $6.1B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.4B |
| Minority Interest | $222M |
| TOTAL EQUITY | $3.7B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $3.0B |
| Net Debt | $1.3B |
