| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $140M | $110M | $230M | 27.2% | -39.2% |
| Op. Income | -$28M | -$129M | -$30M | 78.2% | 5.7% |
| Gross Margin | 96.9% | 93.5% | 99.0% | 3.4pp | -2.1pp |
| Net Margin | -20.1% | -117.4% | -13.0% | 97.3pp | -7.2pp |
| EPS (Diluted) | $-0.34 | $-1.58 | $-0.36 | 78.5% | 5.6% |
| Free Cash Flow | $215M | -$81M | -$61M | 365.2% | 454.3% |
| Item | Amount |
|---|---|
| REVENUE | $140M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $136M |
| R&D Expenses | $0 |
| Selling & Marketing | $24M |
| General & Administrative | $87M |
| SG&A Expenses | $111M |
| Other Expenses | $53M |
| Operating Expenses | $164M |
| Cost & Expenses | $168M |
| OPERATING INCOME | -$28M |
| Interest Income | $34M |
| Interest Expense | $4M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$28M |
| Income Tax Expense | $18.0K |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $4M |
| EBIT | -$28M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $157M |
| Change in Working Capital | $52M |
| OPERATING CASH FLOW | $217M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$71M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$50M |
| NET CASH FROM FINANCING | -$121M |
| FREE CASH FLOW | $215M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $454M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $521M |
| PP&E (Net) | $127M |
| Goodwill | $67M |
| Intangible Assets | $13M |
| Long-Term Investments | $889M |
| Tax Assets | $0 |
| Other Non-Current Assets | $145M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $7M |
| Short-Term Debt | $279M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $323M |
| Long-Term Debt | $651M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $802M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $838M |
| Retained Earnings | -$200M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $638M |
| Minority Interest | $0 |
| TOTAL EQUITY | $638M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.0B |
| Net Debt | $573M |
