| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $283M | $302M | 3.4% | -3.2% |
| Op. Income | $57M | $54M | $66M | 5.6% | -13.6% |
| Gross Margin | 47.3% | 47.1% | 48.1% | 0.2pp | -0.8pp |
| Net Margin | 15.6% | 15.2% | 16.6% | 0.4pp | -1.0pp |
| EPS (Diluted) | $0.92 | $0.86 | $1.01 | 7.0% | -8.9% |
| Free Cash Flow | $40M | $24M | $40M | 65.4% | -1.3% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $69M |
| General & Administrative | $13M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $236M |
| OPERATING INCOME | $57M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $5M |
| EBIT | $57M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $154M |
| GROSS PROFIT | $138M |
| R&D Expenses | $0 |
| Selling & Marketing | $69M |
| General & Administrative | $13M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $236M |
| OPERATING INCOME | $57M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $60M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $5M |
| EBIT | $57M |
| EBITDA | $62M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$810.0K |
| Other Non-Cash Items | $369.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $851.0K |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$851.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$18M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $276M |
| Short-Term Investments | $24M |
| Net Receivables | $10M |
| Inventory | $136M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $455M |
| PP&E (Net) | $371M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $24M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $406M |
| TOTAL ASSETS | $862M |
| Account Payables | $54M |
| Short-Term Debt | $81M |
| Deferred Revenue | $49M |
| Other Current Liabilities | -$41M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $24M |
| TOTAL NON-CURRENT LIABILITIES | $228M |
| TOTAL LIABILITIES | $425M |
| Common Stock | $504.0K |
| Additional Paid-In Capital | $186M |
| Retained Earnings | $250M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $437M |
| Minority Interest | $0 |
| TOTAL EQUITY | $437M |
| TOTAL LIABILITIES & EQUITY | $862M |
| Total Debt | $285M |
| Net Debt | $10M |
