| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $168M | $211M | 18.4% | -5.9% |
| Op. Income | $25M | $21M | $36M | 23.3% | -29.8% |
| Gross Margin | 48.3% | 47.3% | 48.1% | 1.0pp | 0.2pp |
| Net Margin | 8.0% | 6.5% | 12.5% | 1.5pp | -4.6pp |
| EPS (Diluted) | $0.52 | $0.36 | $0.77 | 44.4% | -32.5% |
| Free Cash Flow | -$62M | $59M | -$62M | -206.2% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $25M |
| Interest Income | $500.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $16M |
| EBIT | $25M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $96M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $0 |
| Operating Expenses | $71M |
| Cost & Expenses | $173M |
| OPERATING INCOME | $25M |
| Interest Income | $500.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $16M |
| EBIT | $25M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $65M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$62M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $200M |
| Inventory | $0 |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $48M |
| Goodwill | $406M |
| Intangible Assets | $87M |
| Long-Term Investments | $0 |
| Tax Assets | $36M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $605M |
| TOTAL ASSETS | $871M |
| Account Payables | $54M |
| Short-Term Debt | $18M |
| Deferred Revenue | $53M |
| Other Current Liabilities | $77M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $235M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $337M |
| TOTAL LIABILITIES | $539M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $286M |
| Retained Earnings | $370M |
| Treasury Stock | -$240M |
| Accum. Other Comp. Income | -$83M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $333M |
| Minority Interest | $0 |
| TOTAL EQUITY | $333M |
| TOTAL LIABILITIES & EQUITY | $871M |
| Total Debt | $285M |
| Net Debt | $256M |
