| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $157M | $158M | $110M | -0.8% | 43.2% |
| Op. Income | $50M | $0 | $15M | — | 237.1% |
| Gross Margin | 17.9% | 100.0% | 11.3% | -82.1pp | 6.6pp |
| Net Margin | 31.8% | 3.7% | 13.5% | 28.1pp | 18.3pp |
| EPS (Diluted) | $1.30 | $0.17 | $0.37 | 664.7% | 251.4% |
| Free Cash Flow | $2M | -$1M | -$2M | 245.0% | 176.2% |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$26M |
| Operating Expenses | -$22M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $50M |
| Interest Income | $9M |
| Interest Expense | $979.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $28.0K |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | -$744.0K |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $744.0K |
| EBIT | $51M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $157M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$26M |
| Operating Expenses | -$22M |
| Cost & Expenses | $107M |
| OPERATING INCOME | $50M |
| Interest Income | $9M |
| Interest Expense | $979.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $28.0K |
| Net Income from Continuing Ops | $50M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $50M |
| Net Income Deductions | -$744.0K |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $744.0K |
| EBIT | $51M |
| EBITDA | $52M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $50M |
| Depreciation & Amortization | $744.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$33M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $638M |
| Inventory | $0 |
| Other Current Assets | -$713M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $217M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$217M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.7B |
| Account Payables | $110M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$110M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $63M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$63M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $4M |
| Additional Paid-In Capital | $481M |
| Retained Earnings | $77M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $561M |
| Minority Interest | $0 |
| TOTAL EQUITY | $561M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $63M |
| Net Debt | $8M |
