| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $112M | $141M | 15.2% | -8.1% |
| Op. Income | -$20M | -$1M | -$41M | -1838.7% | 50.3% |
| Gross Margin | 74.7% | 74.3% | 62.9% | 0.4pp | 11.9pp |
| Net Margin | -12.9% | 6.5% | -27.9% | -19.4pp | 15.0pp |
| EPS (Diluted) | $-0.14 | $0.01 | $-0.31 | -1337.5% | 53.7% |
| Free Cash Flow | $4M | $4M | — | 9.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $97M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $113M |
| Other Expenses | $0 |
| Operating Expenses | $117M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$20M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$174.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$1 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $144M |
| Short-Term Investments | $228M |
| Net Receivables | $30M |
| Inventory | $58M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $509M |
| PP&E (Net) | $25M |
| Goodwill | $134M |
| Intangible Assets | $104M |
| Long-Term Investments | $80M |
| Tax Assets | $203.2K |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $352M |
| TOTAL ASSETS | $861M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $84M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $25.3K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$973M |
| Treasury Stock | -$107M |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $698M |
| Minority Interest | $51M |
| TOTAL EQUITY | $749M |
| TOTAL LIABILITIES & EQUITY | $861M |
| Total Debt | $15M |
| Net Debt | -$129M |
