| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $341M | $350M | $333M | -2.4% | 2.6% |
| Op. Income | -$16M | $8M | -$6M | -292.6% | -160.0% |
| Gross Margin | 17.6% | 26.9% | 20.0% | -9.3pp | -2.4pp |
| Net Margin | -3.8% | 1.9% | -1.3% | -5.6pp | -2.5pp |
| EPS (Diluted) | $-0.31 | $0.16 | $-0.30 | -293.7% | -3.3% |
| Free Cash Flow | $68M | $86M | -$16M | -21.9% | 529.9% |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $281M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $76M |
| Operating Expenses | $76M |
| Cost & Expenses | $357M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $6M |
| EBIT | -$9M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $53M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$30M |
| Purchases of Investments | -$129M |
| Sales/Maturities of Investments | $210M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $51M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$14M |
| Other Financing Activities | -$108M |
| NET CASH FROM FINANCING | -$123M |
| FREE CASH FLOW | $68M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $5.5B |
| Net Receivables | $454M |
| Inventory | $0 |
| Other Current Assets | -$6.0B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $54M |
| Intangible Assets | $178M |
| Long-Term Investments | $6.7B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$6.9B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.7B |
| Account Payables | $0 |
| Short-Term Debt | $249M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$249M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $249M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$249M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $12.6B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $506M |
| Retained Earnings | $1.5B |
| Treasury Stock | -$523M |
| Accum. Other Comp. Income | -$360M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $13.7B |
| Total Debt | $498M |
| Net Debt | $476M |
