| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $439M | $477M | 3.4% | -4.8% |
| Op. Income | $27M | $16M | $32M | 73.1% | -14.5% |
| Gross Margin | 22.9% | 21.5% | 24.6% | 1.4pp | -1.7pp |
| Net Margin | 2.4% | 1.6% | 6.5% | 0.8pp | -4.1pp |
| EPS (Diluted) | $0.12 | $0.08 | $0.33 | 50.0% | -63.6% |
| Free Cash Flow | -$4M | -$12M | $20M | 64.5% | -121.6% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $104M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $4M |
| Operating Expenses | $76M |
| Cost & Expenses | $427M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $12M |
| EBIT | $28M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $104M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $72M |
| Other Expenses | $4M |
| Operating Expenses | $76M |
| Cost & Expenses | $427M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $12M |
| EBIT | $28M |
| EBITDA | $41M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$486.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$191.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $242.0K |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $914.0K |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$754.0K |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $177M |
| Inventory | $325M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $605M |
| PP&E (Net) | $396M |
| Goodwill | $927M |
| Intangible Assets | $471M |
| Long-Term Investments | $13M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $154M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $246M |
| Long-Term Debt | $871M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $95M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $787M |
| Treasury Stock | -$727M |
| Accum. Other Comp. Income | -$163M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $971M |
| Net Debt | $928M |
