| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $172M | $171M | -2.1% | -1.1% |
| Op. Income | $27M | $20M | $17M | 39.3% | 62.9% |
| Gross Margin | 32.9% | 31.1% | 26.6% | 1.8pp | 6.3pp |
| Net Margin | 16.5% | 8.5% | 10.0% | 8.0pp | 6.5pp |
| EPS (Diluted) | $2.19 | $1.14 | $1.36 | 92.1% | 61.0% |
| Free Cash Flow | $21M | $13M | $17M | 56.8% | 17.9% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $56M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$3M |
| Operating Expenses | $28M |
| Cost & Expenses | $141M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $908.0K |
| Other Income/Expenses | -$63.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$479.0K |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $3M |
| EBIT | $28M |
| EBITDA | $32M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $56M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | -$3M |
| Operating Expenses | $28M |
| Cost & Expenses | $141M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $908.0K |
| Other Income/Expenses | -$63.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | -$479.0K |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $28M |
| D&A | $3M |
| EBIT | $28M |
| EBITDA | $32M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $949.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$177.0K |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$829.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | $21M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $0 |
| Net Receivables | $120M |
| Inventory | $157M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $354M |
| PP&E (Net) | $61M |
| Goodwill | $26M |
| Intangible Assets | $52M |
| Long-Term Investments | $11M |
| Tax Assets | $10M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $198M |
| TOTAL ASSETS | $552M |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $1M |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $278M |
| Treasury Stock | -$349.0K |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $304M |
| Minority Interest | $0 |
| TOTAL EQUITY | $304M |
| TOTAL LIABILITIES & EQUITY | $552M |
| Total Debt | $83M |
| Net Debt | $18M |
