| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $258M | $264M | $216M | -2.2% | 19.7% |
| Op. Income | $27M | $28M | $24M | -5.4% | 10.4% |
| Gross Margin | 57.7% | 57.7% | 59.7% | 0.0pp | -2.0pp |
| Net Margin | -2.6% | 6.3% | 6.9% | -9.0pp | -9.5pp |
| EPS (Diluted) | $-0.08 | $0.25 | $0.18 | -131.8% | -144.2% |
| Free Cash Flow | $24M | $4M | $16M | 432.8% | 49.0% |
| Item | Amount |
|---|---|
| REVENUE | $258M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $107M |
| Operating Expenses | $122M |
| Cost & Expenses | $232M |
| OPERATING INCOME | $27M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$550.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $8M |
| EBIT | -$4M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$8M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $35M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$84.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$55.0K |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $243M |
| Short-Term Investments | $0 |
| Net Receivables | $277M |
| Inventory | $150M |
| Other Current Assets | -$2M |
| TOTAL CURRENT ASSETS | $687M |
| PP&E (Net) | $294M |
| Goodwill | $300M |
| Intangible Assets | $60M |
| Long-Term Investments | $50M |
| Tax Assets | $19M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $734M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $19M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $359M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $368.0K |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $563M |
| TOTAL LIABILITIES | $708M |
| Common Stock | $556.0K |
| Additional Paid-In Capital | $343M |
| Retained Earnings | $406M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $713M |
| Minority Interest | $0 |
| TOTAL EQUITY | $713M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $605M |
| Net Debt | $362M |
