| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $318M | $298M | $281M | 6.9% | 13.3% |
| Op. Income | $24M | $18M | $20M | 30.9% | 16.9% |
| Gross Margin | 56.9% | 55.8% | 55.6% | 1.1pp | 1.3pp |
| Net Margin | 5.6% | 4.2% | 4.7% | 1.4pp | 0.9pp |
| EPS (Diluted) | $0.13 | $0.09 | $0.10 | 37.3% | 30.0% |
| Free Cash Flow | $67M | $47M | $19M | 44.8% | 255.4% |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $181M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $294M |
| OPERATING INCOME | $24M |
| Interest Income | $889.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $12M |
| EBIT | $24M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $318M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $181M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $105M |
| Other Expenses | $0 |
| Operating Expenses | $157M |
| Cost & Expenses | $294M |
| OPERATING INCOME | $24M |
| Interest Income | $889.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $12M |
| EBIT | $24M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $150.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $71M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $203M |
| Short-Term Investments | $0 |
| Net Receivables | $152M |
| Inventory | $64M |
| Other Current Assets | $79M |
| TOTAL CURRENT ASSETS | $498M |
| PP&E (Net) | $78M |
| Goodwill | $393M |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $565M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $86M |
| Short-Term Debt | $48M |
| Deferred Revenue | $261M |
| Other Current Liabilities | $58M |
| TOTAL CURRENT LIABILITIES | $529M |
| Long-Term Debt | $223M |
| Deferred Revenue NC | $185M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $449M |
| TOTAL LIABILITIES | $978M |
| Common Stock | $142.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$904M |
| Treasury Stock | -$138M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $85M |
| Minority Interest | $0 |
| TOTAL EQUITY | $85M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $313M |
| Net Debt | $110M |
