| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $169M | $179M | $217M | -5.8% | -22.2% |
| Op. Income | $16M | $20M | $37M | -21.2% | -57.6% |
| Gross Margin | 47.6% | 48.1% | 46.5% | -0.5pp | 1.1pp |
| Net Margin | 6.3% | 8.7% | 13.2% | -2.5pp | -7.0pp |
| EPS (Diluted) | $0.22 | $0.33 | $0.59 | -33.3% | -62.7% |
| Free Cash Flow | $50M | $11M | $41M | 338.9% | 22.9% |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $80M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $10M |
| Operating Expenses | $65M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $16M |
| Interest Income | $3M |
| Interest Expense | $727.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $12M |
| EBIT | $16M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $169M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $80M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $10M |
| Operating Expenses | $65M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $16M |
| Interest Income | $3M |
| Interest Expense | $727.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $12M |
| EBIT | $16M |
| EBITDA | $29M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $53M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $602.0K |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $73.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $50M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $97M |
| Net Receivables | $144M |
| Inventory | $174M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $722M |
| PP&E (Net) | $86M |
| Goodwill | $224M |
| Intangible Assets | $135M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $466M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $46M |
| Short-Term Debt | $11M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $96M |
| TOTAL LIABILITIES | $235M |
| Common Stock | $49M |
| Additional Paid-In Capital | $676M |
| Retained Earnings | $317M |
| Treasury Stock | -$52M |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $953M |
| Minority Interest | $0 |
| TOTAL EQUITY | $953M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $64M |
| Net Debt | -$211M |
