| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $425M | $427M | $398M | -0.5% | 6.7% |
| Op. Income | $10M | $14M | $15M | -29.9% | -32.8% |
| Gross Margin | 10.7% | 12.5% | 15.5% | -1.8pp | -4.8pp |
| Net Margin | 1.6% | 2.7% | 2.4% | -1.0pp | -0.8pp |
| EPS (Diluted) | $0.09 | $0.15 | $0.13 | -38.9% | -29.5% |
| Free Cash Flow | $8M | -$32M | $24M | 124.8% | -67.4% |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $415M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $445.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $425M |
| Cost of Revenue | $379M |
| GROSS PROFIT | $45M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $415M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $445.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $4M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $22M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $49.0K |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $97M |
| Net Receivables | $335M |
| Inventory | $24M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $522M |
| PP&E (Net) | $26M |
| Goodwill | $76M |
| Intangible Assets | $18M |
| Long-Term Investments | $33M |
| Tax Assets | $33M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $218M |
| TOTAL ASSETS | $740M |
| Account Payables | $66M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $184M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $108M |
| TOTAL NON-CURRENT LIABILITIES | $118M |
| TOTAL LIABILITIES | $302M |
| Common Stock | $762.0K |
| Additional Paid-In Capital | $298M |
| Retained Earnings | $170M |
| Treasury Stock | -$28M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $438M |
| Minority Interest | $0 |
| TOTAL EQUITY | $438M |
| TOTAL LIABILITIES & EQUITY | $740M |
| Total Debt | $20M |
| Net Debt | -$12M |
