| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $449M | $446M | $390M | 0.8% | 15.4% |
| Op. Income | $84M | $108M | $96M | -22.5% | -12.4% |
| Gross Margin | 83.2% | 83.2% | 80.1% | 0.0pp | 3.1pp |
| Net Margin | 18.0% | 22.8% | 21.8% | -4.8pp | -3.8pp |
| EPS (Diluted) | $0.28 | $0.35 | $0.29 | -18.8% | -2.5% |
| Free Cash Flow | $74M | $98M | -$47M | -24.6% | 256.7% |
| Item | Amount |
|---|---|
| REVENUE | $449M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $374M |
| R&D Expenses | $18M |
| Selling & Marketing | $69M |
| General & Administrative | $13M |
| SG&A Expenses | $82M |
| Other Expenses | $190M |
| Operating Expenses | $290M |
| Cost & Expenses | $365M |
| OPERATING INCOME | $84M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $0 |
| EBIT | $84M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $449M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $374M |
| R&D Expenses | $18M |
| Selling & Marketing | $69M |
| General & Administrative | $13M |
| SG&A Expenses | $82M |
| Other Expenses | $190M |
| Operating Expenses | $290M |
| Cost & Expenses | $365M |
| OPERATING INCOME | $84M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $18M |
| INCOME BEFORE TAX | $102M |
| Income Tax Expense | $15M |
| Net Income from Continuing Ops | $86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $81M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $81M |
| D&A | $0 |
| EBIT | $84M |
| EBITDA | $84M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $81M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $74M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$129M |
| NET CASH FROM INVESTING | -$129M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$76M |
| NET CASH FROM FINANCING | -$76M |
| FREE CASH FLOW | $74M |
| Net Change in Cash | -$121M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $690M |
| Short-Term Investments | $507M |
| Net Receivables | $767M |
| Inventory | $0 |
| Other Current Assets | $781M |
| TOTAL CURRENT ASSETS | $2.7B |
| PP&E (Net) | $50M |
| Goodwill | $7M |
| Intangible Assets | $14M |
| Long-Term Investments | $163M |
| Tax Assets | $192M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $426M |
| TOTAL ASSETS | $3.2B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $268M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $637M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $549M |
| TOTAL NON-CURRENT LIABILITIES | $619M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $835M |
| Retained Earnings | $1.1B |
| Treasury Stock | -$125M |
| Accum. Other Comp. Income | $117M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.9B |
| Minority Interest | $18M |
| TOTAL EQUITY | $1.9B |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $23M |
| Net Debt | -$667M |
