| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $309M | $301M | $267M | 2.6% | 15.5% |
| Op. Income | $60M | $66M | $40M | -10.1% | 50.9% |
| Gross Margin | 85.9% | 84.9% | 82.4% | 1.0pp | 3.5pp |
| Net Margin | 12.3% | 14.8% | 6.0% | -2.5pp | 6.4pp |
| EPS (Diluted) | $0.09 | $0.11 | $0.04 | -18.2% | 125.0% |
| Free Cash Flow | $110M | $102M | $98M | 8.0% | 12.7% |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $265M |
| R&D Expenses | $53M |
| Selling & Marketing | $105M |
| General & Administrative | $42M |
| SG&A Expenses | $147M |
| Other Expenses | $6M |
| Operating Expenses | $205M |
| Cost & Expenses | $249M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $17M |
| 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 | $20M |
| EBIT | $67M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $309M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $265M |
| R&D Expenses | $53M |
| Selling & Marketing | $105M |
| General & Administrative | $42M |
| SG&A Expenses | $147M |
| Other Expenses | $6M |
| Operating Expenses | $205M |
| Cost & Expenses | $249M |
| OPERATING INCOME | $60M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $17M |
| 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 | $20M |
| EBIT | $67M |
| EBITDA | $87M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $46M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | $117M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $7M |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $44M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$65M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | $110M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $510M |
| Short-Term Investments | $151M |
| Net Receivables | $220M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $945M |
| PP&E (Net) | $124M |
| Goodwill | $1.7B |
| Intangible Assets | $365M |
| Long-Term Investments | $0 |
| Tax Assets | $3.9B |
| Other Non-Current Assets | $128M |
| TOTAL NON-CURRENT ASSETS | $6.2B |
| TOTAL ASSETS | $7.2B |
| Account Payables | $23M |
| Short-Term Debt | $6M |
| Deferred Revenue | $438M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $608M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2.9B |
| TOTAL NON-CURRENT LIABILITIES | $4.2B |
| TOTAL LIABILITIES | $4.8B |
| Common Stock | $4M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | $259M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $7.2B |
| Total Debt | $1.3B |
| Net Debt | $806M |
