| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $145M | $146M | $145M | -0.5% | 0.2% |
| Op. Income | $21M | $23M | $23M | -10.3% | -10.6% |
| Gross Margin | 35.4% | 35.6% | 35.9% | -0.2pp | -0.5pp |
| Net Margin | 8.9% | 12.6% | 8.7% | -3.7pp | 0.2pp |
| EPS (Diluted) | $0.41 | $0.58 | $0.39 | -29.3% | 5.1% |
| Free Cash Flow | $19M | $7M | $12M | 193.0% | 56.1% |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $51M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $21M |
| Interest Income | $1M |
| Interest Expense | $818.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $17M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $145M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $51M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $21M |
| Interest Income | $1M |
| Interest Expense | $818.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $7M |
| EBIT | $17M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$317.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $545.0K |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$3.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$98.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $0 |
| Net Receivables | $98M |
| Inventory | $63M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $330M |
| PP&E (Net) | $121M |
| Goodwill | $156M |
| Intangible Assets | $109M |
| Long-Term Investments | $1M |
| Tax Assets | $23M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $426M |
| TOTAL ASSETS | $756M |
| Account Payables | $53M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $16M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $235M |
| Common Stock | $319M |
| Additional Paid-In Capital | $43M |
| Retained Earnings | $575M |
| Treasury Stock | -$420M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $521M |
| Minority Interest | $0 |
| TOTAL EQUITY | $521M |
| TOTAL LIABILITIES & EQUITY | $756M |
| Total Debt | $106M |
| Net Debt | -$45M |
