| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $221M | $162M | $152M | 36.3% | 45.1% |
| Op. Income | $94M | $54M | $34M | 75.6% | 177.3% |
| Gross Margin | 77.3% | 78.3% | 77.7% | -1.0pp | -0.4pp |
| Net Margin | 33.8% | 24.4% | 14.9% | 9.4pp | 18.9pp |
| EPS (Diluted) | $0.56 | $0.29 | $0.16 | 93.1% | 250.0% |
| Free Cash Flow | $68M | $76M | $39M | -9.4% | 74.4% |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $171M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $21M |
| EBIT | $98M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $221M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $171M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $18M |
| Operating Expenses | $77M |
| Cost & Expenses | $127M |
| OPERATING INCOME | $94M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | $75M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $75M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $75M |
| D&A | $21M |
| EBIT | $98M |
| EBITDA | $118M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $75M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | -$71M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $53M |
| NET CASH FROM INVESTING | $55M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | $124M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $221M |
| Short-Term Investments | $127M |
| Net Receivables | $246M |
| Inventory | $132M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $766M |
| PP&E (Net) | $75M |
| Goodwill | $417M |
| Intangible Assets | $511M |
| Long-Term Investments | $0 |
| Tax Assets | $24M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $842.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $45M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $12M |
| Retained Earnings | $140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
