| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $541M | $394M | $466M | 37.3% | 16.0% |
| Op. Income | $116M | $54M | $95M | 114.1% | 22.1% |
| Gross Margin | 50.2% | 51.5% | 50.5% | -1.3pp | -0.4pp |
| Net Margin | 16.1% | 10.1% | 18.3% | 6.0pp | -2.1pp |
| EPS (Diluted) | $1.52 | $0.69 | $1.43 | 120.3% | 6.3% |
| Free Cash Flow | $26M | $68M | $23M | -61.9% | 10.7% |
| Item | Amount |
|---|---|
| REVENUE | $541M |
| Cost of Revenue | $269M |
| GROSS PROFIT | $271M |
| R&D Expenses | $115M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $155M |
| Cost & Expenses | $424M |
| OPERATING INCOME | $116M |
| Interest Income | $2M |
| Interest Expense | $243.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $17M |
| EBIT | $118M |
| EBITDA | $135M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $541M |
| Cost of Revenue | $269M |
| GROSS PROFIT | $271M |
| R&D Expenses | $115M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $155M |
| Cost & Expenses | $424M |
| OPERATING INCOME | $116M |
| Interest Income | $2M |
| Interest Expense | $243.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $118M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $87M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $87M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $87M |
| D&A | $17M |
| EBIT | $118M |
| EBITDA | $135M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $87M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $97.0K |
| Change in Working Capital | -$90M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$850.0K |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$36.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $355M |
| Short-Term Investments | $24M |
| Net Receivables | $305M |
| Inventory | $165M |
| Other Current Assets | $66M |
| TOTAL CURRENT ASSETS | $957M |
| PP&E (Net) | $322M |
| Goodwill | $436M |
| Intangible Assets | $142M |
| Long-Term Investments | $49M |
| Tax Assets | $13M |
| Other Non-Current Assets | $246M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $118M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $282M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $227M |
| TOTAL LIABILITIES | $509M |
| Common Stock | $55.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $41M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $166M |
| Net Debt | -$189M |
