| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $161M | $157M | 4.8% | 7.5% |
| Op. Income | -$6M | -$25M | -$23M | 75.6% | 73.5% |
| Gross Margin | 75.8% | 74.9% | 74.0% | 0.9pp | 1.8pp |
| Net Margin | -2.4% | 10.7% | -15.2% | -13.0pp | 12.8pp |
| EPS (Diluted) | $-0.03 | $-0.15 | $-0.18 | 80.0% | 83.3% |
| Free Cash Flow | $963.0K | -$12M | -$2M | 108.3% | 139.4% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $128M |
| R&D Expenses | $43M |
| Selling & Marketing | $59M |
| General & Administrative | $29M |
| SG&A Expenses | $88M |
| Other Expenses | $3M |
| Operating Expenses | $134M |
| Cost & Expenses | $175M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $713.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $3M |
| EBIT | -$6M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$289.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $146M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $400.0K |
| NET CASH FROM FINANCING | $400.0K |
| FREE CASH FLOW | $963.0K |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $363M |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $197M |
| TOTAL CURRENT ASSETS | $780M |
| PP&E (Net) | $31M |
| Goodwill | $118M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $151M |
| TOTAL ASSETS | $931M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $255M |
| Long-Term Debt | $355M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $369M |
| TOTAL LIABILITIES | $624M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $636M |
| Retained Earnings | -$328M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$865.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $307M |
| Minority Interest | $0 |
| TOTAL EQUITY | $307M |
| TOTAL LIABILITIES & EQUITY | $931M |
| Total Debt | $370M |
| Net Debt | $216M |
