| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $177M | $164M | 4.7% | 13.2% |
| Op. Income | $14M | $0 | -$87M | — | 115.6% |
| Gross Margin | 20.1% | 100.0% | 14.6% | -79.9pp | 5.5pp |
| Net Margin | 4.2% | 7.9% | -53.7% | -3.7pp | 57.8pp |
| EPS (Diluted) | $0.30 | $0.55 | $-3.32 | -45.5% | 109.0% |
| Free Cash Flow | $5M | $13M | -$13M | -56.2% | 142.6% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $4M |
| Operating Expenses | $24M |
| Cost & Expenses | $172M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $6M |
| 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 | $2M |
| EBIT | $16M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $4M |
| Operating Expenses | $24M |
| Cost & Expenses | $172M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $6M |
| 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 | $2M |
| EBIT | $16M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $403.0K |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$418M |
| Sales/Maturities of Investments | $335M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $247M |
| Short-Term Investments | $200M |
| Net Receivables | $644M |
| Inventory | $0 |
| Other Current Assets | -$1.6B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $57M |
| Goodwill | $0 |
| Intangible Assets | $46M |
| Long-Term Investments | $697M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$799M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $2.4B |
| Account Payables | $405M |
| Short-Term Debt | $94M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$516M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $38M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$98M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $336M |
| Retained Earnings | $3M |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $161M |
| Minority Interest | $0 |
| TOTAL EQUITY | $161M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $155M |
| Net Debt | -$93M |
