| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $144M | $101M | 15.1% | 65.0% |
| Op. Income | $28M | $18M | $18M | 57.1% | 53.6% |
| Gross Margin | 4.2% | 4.8% | 0.3% | -0.6pp | 3.9pp |
| Net Margin | 7.1% | 3.3% | 24.0% | 3.9pp | -16.9pp |
| EPS (Diluted) | $0.10 | $0.02 | $0.24 | 385.4% | -58.3% |
| Free Cash Flow | $25M | $5M | $8M | 435.0% | 201.6% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$21M |
| Operating Expenses | -$21M |
| Cost & Expenses | $138M |
| OPERATING INCOME | $28M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $336.0K |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $20M |
| EBIT | $29M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$21M |
| Operating Expenses | -$21M |
| Cost & Expenses | $138M |
| OPERATING INCOME | $28M |
| Interest Income | $3M |
| Interest Expense | $14M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $336.0K |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $20M |
| EBIT | $29M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$52M |
| Net Debt Issuance | $45M |
| Common Stock Repurchased | -$583.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$427.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$339.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $116M |
| Goodwill | $0 |
| Intangible Assets | $131M |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $151M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $0 |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $679.0K |
| Additional Paid-In Capital | $589M |
| Retained Earnings | -$142M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $13M |
| TOTAL STOCKHOLDERS' EQUITY | $632M |
| Minority Interest | $250M |
| TOTAL EQUITY | $882M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.5B |
| Net Debt | $1.5B |
