| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $295M | $277M | 7.5% | 14.6% |
| Op. Income | $27M | $13M | $24M | 115.9% | 12.1% |
| Gross Margin | 53.7% | 52.6% | 54.8% | 1.2pp | -1.0pp |
| Net Margin | 4.3% | 0.6% | -60.7% | 3.7pp | 65.0pp |
| EPS (Diluted) | $0.43 | $0.06 | $-5.65 | 637.6% | 107.6% |
| Free Cash Flow | $22M | -$8M | $13M | 373.3% | 69.9% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $171M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $290M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $13M |
| EBIT | $27M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $147M |
| GROSS PROFIT | $171M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $130M |
| Other Expenses | $0 |
| Operating Expenses | $143M |
| Cost & Expenses | $290M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $13M |
| EBIT | $27M |
| EBITDA | $40M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $533.0K |
| Other Non-Cash Items | $869.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $11M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $229M |
| Inventory | $327M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $616M |
| PP&E (Net) | $117M |
| Goodwill | $816M |
| Intangible Assets | $666M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $79M |
| Short-Term Debt | $70M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $205M |
| TOTAL CURRENT LIABILITIES | $353M |
| Long-Term Debt | $971M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $66M |
| Other Non-Current Liabilities | $152M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $313.0K |
| Additional Paid-In Capital | $433M |
| Retained Earnings | $416M |
| Treasury Stock | -$16M |
| Accum. Other Comp. Income | -$53M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $780M |
| Minority Interest | $0 |
| TOTAL EQUITY | $780M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.0B |
| Net Debt | $1.0B |
