| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $199M | $266M | 21.9% | -9.1% |
| Op. Income | $53M | $25M | $66M | 109.8% | -19.1% |
| Gross Margin | 53.5% | 48.3% | 53.8% | 5.2pp | -0.3pp |
| Net Margin | 15.6% | 8.0% | 17.3% | 7.6pp | -1.7pp |
| EPS (Diluted) | $1.24 | $0.52 | $1.42 | 138.5% | -12.7% |
| Free Cash Flow | $7M | -$62M | $31M | 111.3% | -77.3% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $189M |
| OPERATING INCOME | $53M |
| Interest Income | $400.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $17M |
| EBIT | $53M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $130M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $76M |
| Cost & Expenses | $189M |
| OPERATING INCOME | $53M |
| Interest Income | $400.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $17M |
| EBIT | $53M |
| EBITDA | $71M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $13M |
| Purchases of Investments | -$200.0K |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $243M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $296M |
| PP&E (Net) | $43M |
| Goodwill | $406M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $606M |
| TOTAL ASSETS | $902M |
| Account Payables | $52M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $209M |
| Long-Term Debt | $220M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $317M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $292M |
| Retained Earnings | $407M |
| Treasury Stock | -$242M |
| Accum. Other Comp. Income | -$82M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $376M |
| Minority Interest | $0 |
| TOTAL EQUITY | $376M |
| TOTAL LIABILITIES & EQUITY | $902M |
| Total Debt | $265M |
| Net Debt | $245M |
