| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | $63M | $48M | 9.7% | 42.9% |
| Op. Income | -$90M | -$70M | -$99M | -28.7% | 9.3% |
| Gross Margin | 65.5% | 66.0% | 63.9% | -0.5pp | 1.6pp |
| Net Margin | -175.6% | -78.3% | -286.3% | -97.3pp | 110.8pp |
| EPS (Diluted) | $-12.50 | $-5.10 | $-14.40 | -145.1% | 13.2% |
| Free Cash Flow | -$61M | -$73M | -$49M | 16.1% | -25.6% |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $45M |
| R&D Expenses | $77M |
| Selling & Marketing | $0 |
| General & Administrative | $68M |
| SG&A Expenses | $68M |
| Other Expenses | -$10M |
| Operating Expenses | $135M |
| Cost & Expenses | $158M |
| OPERATING INCOME | -$90M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | -$31M |
| INCOME BEFORE TAX | -$121M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$121M |
| D&A | $2M |
| EBIT | -$121M |
| EBITDA | -$119M |
| EPS | -$13 |
| EPS Diluted | -$13 |
| Item | Amount |
|---|---|
| Net Income | -$121M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $32M |
| Other Non-Cash Items | $785.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$59M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $35M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $565.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $859M |
| Short-Term Investments | $16M |
| Net Receivables | $68M |
| Inventory | $36M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $67M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $325.0K |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $174M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $52M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $932M |
| Minority Interest | $0 |
| TOTAL EQUITY | $932M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $19M |
| Net Debt | -$840M |
