| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $154M | $164M | 5.3% | -1.4% |
| Op. Income | $14M | $10M | $13M | 39.6% | 6.7% |
| Gross Margin | 41.8% | 40.4% | 39.2% | 1.4pp | 2.6pp |
| Net Margin | -52.8% | 5.7% | 5.9% | -58.5pp | -58.7pp |
| EPS (Diluted) | $-1.61 | $0.17 | $0.18 | -1047.1% | -994.4% |
| Free Cash Flow | $7M | $7M | -$1M | 5.1% | 753.6% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $68M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $3M |
| Operating Expenses | $54M |
| Cost & Expenses | $148M |
| OPERATING INCOME | $14M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$98M |
| INCOME BEFORE TAX | -$84M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$85M |
| D&A | $6M |
| EBIT | -$81M |
| EBITDA | -$75M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$85M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $587.0K |
| Other Non-Cash Items | $98M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | $24M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$292.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $106M |
| Net Receivables | $151M |
| Inventory | $244M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $709M |
| PP&E (Net) | $138M |
| Goodwill | $215M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $115M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $519M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $157M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $282M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $334M |
| TOTAL LIABILITIES | $616M |
| Common Stock | $564.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$578M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $311M |
| Net Debt | $130M |
