| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $419M | $417M | $425M | 0.4% | -1.4% |
| Op. Income | $10M | $14M | $10M | -27.0% | 0.7% |
| Gross Margin | 14.9% | 14.9% | 10.7% | 0.1pp | 4.2pp |
| Net Margin | 2.0% | 2.8% | 1.6% | -0.8pp | 0.4pp |
| EPS (Diluted) | $0.12 | $0.16 | $0.09 | -25.0% | 30.9% |
| Free Cash Flow | $6M | -$17M | $8M | 136.5% | -19.5% |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $419M |
| Cost of Revenue | $356M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $409M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $4M |
| EBIT | $13M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1.0K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $28.0K |
| NET CASH FROM INVESTING | $106.0K |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $93M |
| Net Receivables | $381M |
| Inventory | $20M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $27M |
| Goodwill | $76M |
| Intangible Assets | $14M |
| Long-Term Investments | $31M |
| Tax Assets | $28M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $213M |
| TOTAL ASSETS | $762M |
| Account Payables | $66M |
| Short-Term Debt | $40M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $311M |
| Common Stock | $763.0K |
| Additional Paid-In Capital | $306M |
| Retained Earnings | $176M |
| Treasury Stock | -$29M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $451M |
| Minority Interest | $0 |
| TOTAL EQUITY | $451M |
| TOTAL LIABILITIES & EQUITY | $762M |
| Total Debt | $52M |
| Net Debt | $23M |
