| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $153M | $196M | 12.6% | -12.4% |
| Op. Income | $163M | $175M | -$80M | -6.6% | 304.3% |
| Gross Margin | 90.2% | 90.3% | 91.8% | -0.1pp | -1.6pp |
| Net Margin | 20.9% | 37.5% | -82.2% | -16.6pp | 103.1pp |
| EPS (Diluted) | $0.24 | $0.50 | $-2.29 | -52.0% | 110.5% |
| Free Cash Flow | $107M | $30M | $123M | 250.9% | -13.0% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $9M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $0 |
| EBIT | $163M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $155M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | $9M |
| OPERATING INCOME | $163M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$127M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $25.0K |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | -$18M |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $0 |
| EBIT | $163M |
| EBITDA | $163M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $48M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $107M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $139M |
| Other Investing Activities | -$249M |
| NET CASH FROM INVESTING | -$111M |
| Net Debt Issuance | $71M |
| Common Stock Repurchased | -$26M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $107M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $201M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | -$272M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.5B |
| Account Payables | $0 |
| Short-Term Debt | $3.1B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $125M |
| TOTAL CURRENT LIABILITIES | $3.2B |
| Long-Term Debt | $7.7B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.7B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10.9B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $211M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $13.5B |
| Total Debt | $10.8B |
| Net Debt | $10.6B |
