| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $136M | $145M | $124M | -6.4% | 9.7% |
| Op. Income | $36M | $25M | $11M | 44.7% | 220.7% |
| Gross Margin | 54.5% | 53.5% | 42.4% | 1.0pp | 12.1pp |
| Net Margin | 9.6% | -12.0% | -4.2% | 21.6pp | 13.8pp |
| EPS (Diluted) | $0.34 | $-0.51 | $-0.15 | 166.7% | 326.7% |
| Free Cash Flow | $100M | $27M | $40M | 262.5% | 149.2% |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $36M |
| Interest Income | $4M |
| Interest Expense | $22M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $38M |
| EBIT | $40M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $100M |
| OPERATING INCOME | $36M |
| Interest Income | $4M |
| Interest Expense | $22M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $38M |
| EBIT | $40M |
| EBITDA | $78M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$636.0K |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $40M |
| OPERATING CASH FLOW | $100M |
| Capital Expenditure | -$56.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$42M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$220.0K |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | $100M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $42M |
| Net Receivables | $167M |
| Inventory | $26M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $537M |
| PP&E (Net) | $24M |
| Goodwill | $134M |
| Intangible Assets | $493M |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $677M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $2M |
| Short-Term Debt | $183M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $571M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $578M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $548M |
| Retained Earnings | -$286M |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | -$38.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $201M |
| Minority Interest | $0 |
| TOTAL EQUITY | $201M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $762M |
| Net Debt | $479M |
