| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $300M | $236M | $208M | 27.2% | 44.4% |
| Op. Income | $12M | -$9M | -$17M | 232.7% | 174.5% |
| Gross Margin | 11.9% | 3.2% | 1.5% | 8.7pp | 10.4pp |
| Net Margin | 2.4% | -4.8% | -5.8% | 7.2pp | 8.2pp |
| EPS (Diluted) | $0.17 | $-0.35 | $-0.34 | 148.6% | 150.0% |
| Free Cash Flow | $22M | $19M | $20M | 18.2% | 12.3% |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $287M |
| OPERATING INCOME | $12M |
| Interest Income | $12.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $12M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $36M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $287M |
| OPERATING INCOME | $12M |
| Interest Income | $12.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $12M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $699.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$927.0K |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $129M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $100M |
| Goodwill | $19M |
| Intangible Assets | $46M |
| Long-Term Investments | $12M |
| Tax Assets | $13M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $192M |
| TOTAL ASSETS | $364M |
| Account Payables | $137M |
| Short-Term Debt | $20M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $198M |
| Long-Term Debt | $120M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $143.0K |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $365M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $174M |
| Retained Earnings | -$84M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1M |
| TOTAL LIABILITIES & EQUITY | $364M |
| Total Debt | $141M |
| Net Debt | $124M |
