| Metric | Q2 2023 | Q1 2023 | Q2 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | — | $217M | — | -20.5% |
| Op. Income | $16M | — | $40M | — | -60.1% |
| Gross Margin | 17.3% | — | 25.4% | — | -8.1pp |
| Net Margin | 11.5% | — | 19.3% | — | -7.7pp |
| EPS (Diluted) | $0.54 | — | $1.14 | — | -52.2% |
| Free Cash Flow | $33M | — | $31M | — | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $30M |
| R&D Expenses | $9M |
| Selling & Marketing | $36.1K |
| General & Administrative | $132.0K |
| SG&A Expenses | $5M |
| Other Expenses | -$722.8K |
| Operating Expenses | $13M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $638.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $19M |
| NET INCOME | $20M |
| Net Income Deductions | $19M |
| BOTTOM LINE NET INCOME | $638.8K |
| D&A | $38M |
| EBIT | $17M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $30M |
| R&D Expenses | $9M |
| Selling & Marketing | $36.1K |
| General & Administrative | $132.0K |
| SG&A Expenses | $5M |
| Other Expenses | -$722.8K |
| Operating Expenses | $13M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $638.8K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $19M |
| NET INCOME | $20M |
| Net Income Deductions | $19M |
| BOTTOM LINE NET INCOME | $638.8K |
| D&A | $38M |
| EBIT | $17M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $260.8K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $536.0K |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$380 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $157.9K |
| Net Receivables | $5M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $141.7K |
| Other Non-Current Assets | $202.0K |
| TOTAL NON-CURRENT ASSETS | $26M |
| TOTAL ASSETS | $47M |
| Account Payables | $710.0K |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $13M |
| Deferred Revenue NC | $124.7K |
| Deferred Tax Liabilities | $173.2K |
| Other Non-Current Liabilities | $277.1K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $7M |
| Additional Paid-In Capital | $6M |
| Retained Earnings | $8M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $16M |
| Net Debt | $4M |
