| Metric | Q1 2023 | Q4 2022 | Q1 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $335M | $260M | $262M | 28.9% | 28.0% |
| Op. Income | $55M | -$59M | -$75M | 192.5% | 173.1% |
| Gross Margin | 32.5% | 3.0% | -9.5% | 29.4pp | 42.0pp |
| Net Margin | 15.4% | -22.7% | -28.8% | 38.1pp | 44.2pp |
| EPS (Diluted) | $0.47 | $-0.54 | $-0.69 | 187.0% | 168.1% |
| Free Cash Flow | $12M | $2M | -$19M | 539.1% | 162.4% |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $47M |
| Operating Expenses | $54M |
| Cost & Expenses | $280M |
| OPERATING INCOME | $55M |
| Interest Income | $15M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $3M |
| EBIT | $60M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $335M |
| Cost of Revenue | $226M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $47M |
| Operating Expenses | $54M |
| Cost & Expenses | $280M |
| OPERATING INCOME | $55M |
| Interest Income | $15M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $55M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $53M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $51M |
| D&A | $3M |
| EBIT | $60M |
| EBITDA | $63M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $51M |
| Depreciation & Amortization | $315.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $135M |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | -$137M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.3B |
| Sales/Maturities of Investments | $1.2B |
| Other Investing Activities | -$32M |
| NET CASH FROM INVESTING | -$132M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | -$122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $946M |
| Short-Term Investments | $0 |
| Net Receivables | $2.0B |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2.9B |
| PP&E (Net) | $0 |
| Goodwill | -$136M |
| Intangible Assets | $223M |
| Long-Term Investments | $2.4B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$2.5B |
| TOTAL NON-CURRENT ASSETS | $2.5B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $427M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$427M |
| TOTAL CURRENT LIABILITIES | $427M |
| Long-Term Debt | $150M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$150M |
| TOTAL NON-CURRENT LIABILITIES | $150M |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $599M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $120.0K |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $150M |
| Net Debt | -$796M |
