| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $352M | $502M | $407M | -29.8% | -13.6% |
| Op. Income | $26M | $69M | $61M | -62.8% | -58.0% |
| Gross Margin | 22.8% | 35.5% | 27.6% | -12.6pp | -4.8pp |
| Net Margin | 2.8% | 17.3% | 15.1% | -14.5pp | -12.2pp |
| EPS (Diluted) | $0.02 | $0.20 | $0.15 | -88.3% | -85.0% |
| Free Cash Flow | $34M | $138M | $48M | -75.1% | -28.3% |
| Item | Amount |
|---|---|
| REVENUE | $352M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $80M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $9M |
| Operating Expenses | $55M |
| Cost & Expenses | $326M |
| OPERATING INCOME | $26M |
| Interest Income | $23M |
| Interest Expense | $11M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $31M |
| EBIT | $41M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $352M |
| Cost of Revenue | $272M |
| GROSS PROFIT | $80M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $42M |
| SG&A Expenses | $42M |
| Other Expenses | $9M |
| Operating Expenses | $55M |
| Cost & Expenses | $326M |
| OPERATING INCOME | $26M |
| Interest Income | $23M |
| Interest Expense | $11M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $31M |
| EBIT | $41M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $666.5K |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $152M |
| Change in Working Capital | -$147M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $591M |
| Other Investing Activities | $757.1K |
| NET CASH FROM INVESTING | $563M |
| Net Debt Issuance | -$233.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $590M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.8B |
| Short-Term Investments | $14M |
| Net Receivables | $201M |
| Inventory | $560M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $2.5B |
| Goodwill | $0 |
| Intangible Assets | $33M |
| Long-Term Investments | $119M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $3.7B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $194M |
| Short-Term Debt | $365M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $163M |
| TOTAL CURRENT LIABILITIES | $722M |
| Long-Term Debt | $452M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $785M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $2.1B |
| Additional Paid-In Capital | $158M |
| Retained Earnings | $2.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $22M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.4B |
| Minority Interest | $4.4K |
| TOTAL EQUITY | $4.4B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $823M |
| Net Debt | -$970M |
