| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $183M | $188M | $195M | -2.5% | -6.1% |
| Op. Income | -$19M | -$4M | $7M | -320.5% | -354.6% |
| Gross Margin | 74.1% | 73.8% | 76.5% | 0.3pp | -2.5pp |
| Net Margin | 13.5% | 1.2% | 3.8% | 12.3pp | 9.6pp |
| EPS (Diluted) | $-0.11 | $0.02 | $0.05 | -725.0% | -320.0% |
| Free Cash Flow | $46M | $56M | $36M | -17.8% | 28.5% |
| Item | Amount |
|---|---|
| REVENUE | $183M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $135M |
| R&D Expenses | $53M |
| Selling & Marketing | $31M |
| General & Administrative | $70M |
| SG&A Expenses | $101M |
| Other Expenses | $0 |
| Operating Expenses | $154M |
| Cost & Expenses | $202M |
| OPERATING INCOME | -$19M |
| Interest Income | $11M |
| Interest Expense | $1M |
| Other Income/Expenses | $63M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $20M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $39M |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $26M |
| EBIT | $45M |
| EBITDA | $72M |
| EPS | $0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $63M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $10M |
| Purchases of Investments | -$65M |
| Sales/Maturities of Investments | $308M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $236M |
| Net Debt Issuance | -$370M |
| Common Stock Repurchased | -$35M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$405M |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$106M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $175M |
| Short-Term Investments | $210M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $447M |
| PP&E (Net) | $227M |
| Goodwill | $630M |
| Intangible Assets | $68M |
| Long-Term Investments | $423M |
| Tax Assets | $147M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.5B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $53M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $143M |
| Long-Term Debt | $767M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $791M |
| TOTAL LIABILITIES | $934M |
| Common Stock | $115.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$44M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $788M |
| Net Debt | $613M |
